Ballard Power Systems (BLDP) Net Margin (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly Net Margin came in at 98.21% in Q2 2026, up 3760.0% year-over-year from 2.54% in Q2 2025, and down 86.03% quarter-over-quarter from 52.79% in Q1 2026.
Analysis
Ballard Power Systems (BLDP) Net Margin (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Net Margin for 18 consecutive years, with 98.21% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 3760.0% year-over-year to 98.21% in Q2 2026; TTM through Jun 2026 was 71.67%, a 33757.0% increase from a year earlier, with the FY2025 full-year figure at 91.39%, up 37326.0% from the prior year.
- Net Margin was 98.21% for Q2 2026 at Ballard Power Systems, down from 52.79% in the prior quarter.
- Over five years, Net Margin peaked at 52.1% in Q4 2025 and troughed at 1389.39% in Q3 2024.
- A 5-year average of 235.72% and a median of 191.68% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 3159591 bps in 2022 and plunged 115874 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 166.41% in 2022, then jumped by 34 bps to 109.62% in 2023, then plunged by 73 bps to 189.52% in 2024, then soared by 73 bps to 52.1% in 2025, then plunged by 88 bps to 98.21% in 2026.
- The last three Net Margin figures came in at 98.21% (Q2 2026), 52.79% (Q1 2026), and 52.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 74.04 Bn | 71.37 Bn | 355.57 Mn | 18.42% |
| 2 | Fuelcell Energy | 33.44 Bn | 32.78 Bn | -24.50 Mn | -137.17% |
| 3 | Ballard Power Systems | 667.85 Mn | 162.70 Mn | 4.08 Mn | -98.21% |
| 4 | Sunhydrogen | 89.43 Mn | 89.43 Mn | -45,724.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -98.21% |
| Mar 31, 2026 | -52.79% |
| Dec 31, 2025 | -52.10% |
| Sep 30, 2025 | -86.37% |
| Jun 30, 2025 | -135.81% |
| Mar 31, 2025 | -136.47% |
| Dec 31, 2024 | -189.52% |
| Sep 30, 2024 | -1,389.39% |
| Jun 30, 2024 | -195.76% |
| Mar 31, 2024 | -285.23% |
| Dec 31, 2023 | -109.62% |
| Sep 30, 2023 | -230.65% |
| Jun 30, 2023 | -196.53% |
| Mar 31, 2023 | -257.63% |
| Dec 31, 2022 | -166.41% |
| Sep 30, 2022 | -200.91% |
| Jun 30, 2022 | -265.69% |
| Mar 31, 2022 | -193.83% |
| Dec 31, 2021 | -31,762.32% |
| Sep 30, 2021 | -122.30% |