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
DateValue
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