Ballard Power Systems (BLDP) Net Margin (2009 - 2026)
Ballard Power Systems' Net Margin was -98.44% in the quarter ended Jun 30, 2026, up 37.65 percentage points from -136.08% a year earlier but down 39.78 percentage points from the prior quarter.
Ballard Power Systems (BLDP) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ballard Power Systems' Net Margin was -72.78% through Jun 30, 2026, up 328.21 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -91.49%, up 352.65 percentage points from the prior year.
- Net Margin shows a five-year change of -42.03 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Net Margin was -444.14% in the year ended Dec 31, 2024 (-270.54 pp), -173.61% in the year ended Dec 31, 2023 (+38.33 pp), -211.94% in the year ended Dec 31, 2022 (-102.63 pp) and -109.31% in the year ended Dec 31, 2021 (-59.85 pp).
- Quarterly Net Margin has moved between -1358.86% (the quarter ended Sep 30, 2024) and -52.10% (the quarter ended Dec 31, 2025) over five years.
- Compared with a year earlier, Net Margin has increased for six straight quarters, with an average year-over-year change of +65.90 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was the quarter ended Dec 31, 2021 (a gain of 10008.86 percentage points); the worst was the quarter ended Sep 30, 2024 (a drop of 1128.07 percentage points).
- Per Business Quant data, BLDP's Net Margin in the three quarters before the quarter ended Jun 30, 2026 was -58.66% (quarter ended Mar 31, 2026), -52.10% (quarter ended Dec 31, 2025) and -86.37% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 240.84 Bn | 200.76 Bn | 2.36 Bn | 6.02% |
| 2 | Bloom Energy | 63.87 Bn | 55.67 Bn | 355.57 Mn | 18.42% |
| 3 | First Solar | 18.91 Bn | 9.86 Bn | 605.00 Mn | 40.01% |
| 4 | BWX Technologies | 12.35 Bn | 10.65 Bn | 202.31 Mn | 9.87% |
| 5 | Nextpower | 11.98 Bn | 7.87 Bn | 335.85 Mn | 17.68% |
| 6 | Generac Holdings | 11.46 Bn | 10.29 Bn | 521.81 Mn | 12.21% |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 12.45% |
| 8 | Enphase Energy | 4.23 Bn | -633.67 Mn | 175.01 Mn | 12.36% |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn | 2.89% |
| 10 | Ballard Power Systems | 456.24 Mn | -1.63 Bn | 4.08 Mn | -98.44% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -98.44% |
| Mar 31, 2026 | -58.66% |
| Dec 31, 2025 | -61.17% |
| Sep 30, 2025 | -86.37% |
| Jun 30, 2025 | -136.08% |
| Mar 31, 2025 | -136.70% |
| Dec 31, 2024 | -190.37% |
| Sep 30, 2024 | -1,389.39% |
| Jun 30, 2024 | -196.61% |
| Mar 31, 2024 | -285.72% |
| Dec 31, 2023 | -104.47% |
| Sep 30, 2023 | -230.80% |
| Jun 30, 2023 | -196.53% |
| Mar 31, 2023 | -256.12% |
| Dec 31, 2022 | -161.94% |
| Sep 30, 2022 | -200.91% |
| Jun 30, 2022 | -266.53% |
| Mar 31, 2022 | -191.93% |
| Dec 31, 2021 | -119.72% |
| Sep 30, 2021 | -122.32% |
Ballard Power Systems Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();