Ballard Power Systems (BLDP) Return on Assets [ROA] (2010 - 2026)
Ballard Power Systems (BLDP) posted Return on Assets [ROA] of -11.72% for the quarter ended Jun 30, 2026, up 27.71 percentage points from -39.44% a year earlier and unchanged from the prior quarter.
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Analysis
Ballard Power Systems (BLDP) Return on Assets [ROA] (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Ballard Power Systems' Return on Assets [ROA] came in at -12.02%, up 23.03 percentage points from the prior year.
- Annual Return on Assets [ROA] shows a five-year change of -4.19 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Ballard Power Systems' Return on Assets [ROA] was -35.06% in the year ended Dec 31, 2024 (-19.72 pp), -15.33% in the year ended Dec 31, 2023 (-2.30 pp), -13.03% in the year ended Dec 31, 2022 (-3.83 pp) and -9.21% in the year ended Dec 31, 2021 (-1.37 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Return on Assets [ROA] since the quarter ended Mar 31, 2022.
- On a year-over-year basis, Return on Assets [ROA] has increased in each of the last four quarters, with an average year-over-year change of +1.65 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Assets [ROA] in the past five years was the quarter ended Dec 31, 2025, with a gain of 27.85 percentage points; the weakest was the quarter ended Dec 31, 2024, with a drop of 24.28 percentage points.
- According to Business Quant data, Return on Assets [ROA] for the three prior quarters was -11.73% (quarter ended Mar 31, 2026), -12.60% (quarter ended Dec 31, 2025) and -16.30% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 218.23 Bn | 178.15 Bn | 2.36 Bn | 12.18% |
| 2 | Bloom Energy | 56.89 Bn | 46.79 Bn | 417.10 Mn | 8.57% |
| 3 | First Solar | 18.62 Bn | 9.57 Bn | 605.00 Mn | 13.06% |
| 4 | Nextpower | 11.95 Bn | 7.85 Bn | 335.85 Mn | 14.25% |
| 5 | BWX Technologies | 11.64 Bn | 9.94 Bn | 202.31 Mn | 8.14% |
| 6 | Generac Holdings | 11.02 Bn | 9.85 Bn | 521.81 Mn | 4.56% |
| 7 | EnerSys | 6.06 Bn | 4.26 Bn | 313.36 Mn | 8.86% |
| 8 | Enphase Energy | 4.19 Bn | -669.30 Mn | 175.01 Mn | 4.75% |
| 9 | Mirion Technologies | 3.62 Bn | 1.46 Bn | 133.10 Mn | 0.73% |
| 10 | Ballard Power Systems | 442.73 Mn | -1.64 Bn | 4.08 Mn | -12.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.21% |
| Mar 31, 2026 | -12.20% |
| Dec 31, 2025 | -13.05% |
| Sep 30, 2025 | -16.18% |
| Jun 30, 2025 | -39.32% |
| Mar 31, 2025 | -39.45% |
| Dec 31, 2024 | -40.34% |
| Sep 30, 2024 | -35.26% |
| Jun 30, 2024 | -17.90% |
| Mar 31, 2024 | -17.49% |
| Dec 31, 2023 | -16.12% |
| Sep 30, 2023 | -13.78% |
| Jun 30, 2023 | -11.65% |
| Mar 31, 2023 | -13.35% |
| Dec 31, 2022 | -13.47% |
| Sep 30, 2022 | -14.09% |
| Jun 30, 2022 | -12.69% |
| Mar 31, 2022 | -9.66% |
| Dec 31, 2021 | -7.91% |
| Sep 30, 2021 | -5.86% |
API Access
Ballard Power Systems Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();