Ballard Power Systems (BLDP) Payables (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Payables of $28.8 million for Q4 2025, down 19.22% year-over-year from $35.6 million in Q4 2024, and down 12.65% quarter-over-quarter from $33.0 million in Q3 2025.
Ballard Power Systems (BLDP) Payables (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Payables for 17 consecutive years, with $28.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Payables fell 19.22% year-over-year to $28.8 million; the TTM figure through Dec 2025 stood at $28.8 million (down 19.22% YoY), while the FY2025 annual figure was $28.8 million, down 19.22% from the prior year.
- Payables retreated to $28.8 million in Q4 2025 per BLDP's latest filing, from $33.0 million in the prior quarter.
- Across five years, Payables topped out at $40.9 million in Q3 2023 and bottomed at $28.8 million in Q4 2025.
- Historically, Payables has averaged $36.5 million across 5 years, with a median of $37.3 million in 2023.
- Annual changes were most pronounced in 2021 — Payables surged 58.68% — and 2025, when it slipped 19.22%.
- Ballard Power Systems' Payables stood at $39.6 million in 2021, then gained by 1.97% to $40.3 million in 2022, then decreased by 1.58% to $39.7 million in 2023, then fell by 10.23% to $35.6 million in 2024, then decreased by 19.22% to $28.8 million in 2025.
- Business Quant data shows BLDP's Payables at $28.8 million in Q4 2025, $33.0 million in Q3 2025, and $33.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.12 Bn | 96.01 Bn | 1.23 Bn | 2.47 Bn |
| 2 | Bloom Energy | 56.58 Bn | 53.91 Bn | 355.57 Mn | 309.93 Mn |
| 3 | Hubbell | 25.00 Bn | 24.60 Bn | 613.00 Mn | 650.50 Mn |
| 4 | nVent Electric | 24.68 Bn | 24.43 Bn | 558.00 Mn | 496.00 Mn |
| 5 | Advanced Energy Industries | 11.08 Bn | 9.66 Bn | 236.10 Mn | 316.30 Mn |
| 6 | Acuity Inc. (De) | 10.35 Bn | 9.94 Bn | 606.40 Mn | 363.90 Mn |
| 7 | Powell Industries | 7.21 Bn | 6.58 Bn | 95.30 Mn | 86.57 Mn |
| 8 | EnerSys | 6.87 Bn | 6.34 Bn | 313.36 Mn | 363.83 Mn |
| 9 | Hayward Holdings | 3.19 Bn | 2.71 Bn | 155.05 Mn | 92.22 Mn |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn | 26.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.63 Mn |
| Dec 31, 2025 | 28.79 Mn |
| Sep 30, 2025 | 32.96 Mn |
| Jun 30, 2025 | 33.49 Mn |
| Mar 31, 2025 | 36.47 Mn |
| Dec 31, 2024 | 35.64 Mn |
| Sep 30, 2024 | 39.71 Mn |
| Jun 30, 2024 | 38.33 Mn |
| Mar 31, 2024 | 38.07 Mn |
| Dec 31, 2023 | 39.70 Mn |
| Sep 30, 2023 | 40.92 Mn |
| Jun 30, 2023 | 37.51 Mn |
| Mar 31, 2023 | 37.02 Mn |
| Dec 31, 2022 | 40.33 Mn |
| Sep 30, 2022 | 40.24 Mn |
| Jun 30, 2022 | 35.34 Mn |
| Mar 31, 2022 | 34.53 Mn |
| Dec 31, 2021 | 39.56 Mn |
| Sep 30, 2021 | 38.27 Mn |
| Jun 30, 2021 | 32.70 Mn |