Ballard Power Systems (BLDP) Operating Leases (2014 - 2025)
Ballard Power Systems (BLDP) reported Operating Leases of $22.1 million for Q4 2025, down 7.34% year-over-year from $23.9 million in Q4 2024, and up 14.82% quarter-over-quarter from $19.3 million in Q3 2025.
Ballard Power Systems (BLDP) Operating Leases (2014 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 8 years of Operating Leases data on file, last reported at $22.1 million in Q4 2025.
- Operating Leases for Q4 2025 came in at $22.1 million, down 7.34% year-over-year; the trailing twelve-month figure through Dec 2025 was $22.1 million (down 7.34% YoY), and the FY2025 annual result was $22.1 million, down 7.34% from the prior year.
- Operating Leases climbed to $22.1 million in Q4 2025 per BLDP's latest filing, from $19.3 million in the prior quarter.
- Over five years, Operating Leases peaked at $25.7 million in Q1 2024 and troughed at $10.0 million in Q2 2023.
- A 5-year average of $17.1 million and a median of $15.0 million in 2021 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2023 and 2024: Operating Leases slipped 27.38% in 2023, then soared 146.06% in 2024.
- A 5-year view of Operating Leases shows it stood at $13.9 million in 2021, then gained by 13.32% to $15.7 million in 2022, then retreated by 14.86% to $13.4 million in 2023, then soared by 78.41% to $23.9 million in 2024, then fell by 7.34% to $22.1 million in 2025.
- Business Quant data shows BLDP's Operating Leases at $22.1 million in Q4 2025, $19.3 million in Q3 2025, and $20.5 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 22.14 Mn |
| Sep 30, 2025 | 19.28 Mn |
| Jun 30, 2025 | 20.48 Mn |
| Mar 31, 2025 | 20.24 Mn |
| Dec 31, 2024 | 23.89 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 |
| Mar 31, 2021 | 14.79 Mn |