Ballard Power Systems (BLDP) Operating Leases (2018 - 2025)

Ballard Power Systems' (BLDP) quarterly Operating Leases came in at $18.7 million in Q4 2025, down 10.8% year-on-year from $21.0 million in Q4 2024, and down 2.88% on a QoQ basis from $19.3 million in Q3 2025.

Ballard Power Systems (BLDP) Operating Leases (2018 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 8 years of Operating Leases data on file, last reported at $18.7 million in Q4 2025.

  • On a quarterly basis, Operating Leases fell 10.8% year-over-year to $18.7 million in Q4 2025; TTM through Dec 2025 was $18.7 million, a 10.8% decrease from a year earlier, with the FY2025 full-year figure at $18.7 million, down 10.8% from the prior year.
  • Operating Leases for Q4 2025 stood at $18.7 million, down from $19.3 million in the prior quarter.
  • Over the last five years, Operating Leases for BLDP reached as high as $25.7 million in Q1 2024 and fell as low as $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.
  • Across the five-year window, Operating Leases retreated 27.38% in 2023 and jumped 146.06% in 2024, its largest moves.
  • Year by year, Operating Leases stood at $13.9 million in 2021, then grew by 13.32% to $15.7 million in 2022, then dropped by 14.86% to $13.4 million in 2023, then surged by 56.76% to $21.0 million in 2024, then dropped by 10.8% to $18.7 million in 2025.
  • Per Business Quant data, the three most recent Operating Leases figures were $18.7 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 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 14.79 Mn