Ballard Power Systems (BLDP) Operating Leases (2019 - 2026)
Ballard Power Systems (BLDP) posted quarterly Operating Leases of $18.7 million for Q4 2025, down 10.8% year-over-year from $21.0 million in Q4 2024, and down 2.88% quarter-over-quarter from $19.3 million in Q3 2025.
Ballard Power Systems (BLDP) Operating Leases (2019 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Operating Leases for 7 consecutive years, with $18.7 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Leases fell 10.8% year-over-year to $18.7 million; the TTM figure through Dec 2025 stood at $18.7 million (down 10.8% YoY), while the FY2025 annual figure was $18.7 million, down 10.8% from the prior year.
- Operating Leases eased to $18.7 million in Q4 2025 per BLDP's latest filing, from $19.3 million in the prior quarter.
- Across five years, Operating Leases topped out at $25.7 million in Q1 2024 and bottomed at $10.0 million in Q2 2023.
- Historically, Operating Leases has averaged $16.8 million across 5 years, with a median of $15.0 million in 2021.
- Annual changes were most pronounced in 2023 — Operating Leases slipped 27.38% — and 2024, when it soared 146.06%.
- Ballard Power Systems' Operating Leases stood at $13.9 million in 2021, then advanced by 13.32% to $15.7 million in 2022, then decreased by 14.86% to $13.4 million in 2023, then soared by 56.76% to $21.0 million in 2024, then decreased by 10.8% to $18.7 million in 2025.
- Business Quant data shows BLDP's Operating Leases at $18.7 million in Q4 2025, $19.3 million in Q3 2025, and $20.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.29 Mn |
| Dec 31, 2025 | 18.73 Mn |
| Sep 30, 2025 | 19.28 Mn |
| Jun 30, 2025 | 20.48 Mn |
| Mar 31, 2025 | 20.24 Mn |
| Dec 31, 2024 | 21.00 Mn |
| Sep 30, 2024 | 23.99 Mn |
| Jun 30, 2024 | 24.53 Mn |
| Mar 31, 2024 | 25.70 Mn |
| Dec 31, 2023 | 13.39 Mn |
| Sep 30, 2023 | 14.12 Mn |
| Jun 30, 2023 | 9.97 Mn |
| Mar 31, 2023 | 10.88 Mn |
| Dec 31, 2022 | 15.73 Mn |
| Sep 30, 2022 | 12.17 Mn |
| Jun 30, 2022 | 13.73 Mn |
| Mar 31, 2022 | 13.72 Mn |
| Dec 31, 2021 | 13.88 Mn |
| Sep 30, 2021 | 14.28 Mn |
| Jun 30, 2021 | 15.25 Mn |