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| Date | Value |
|---|---|
| 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 |