Ballard Power Systems (BLDP) Return on Capital Employed (2010 - 2026)
Ballard Power Systems (BLDP) posted quarterly Return on Capital Employed of 13.66% for Q4 2025, up 323.0% year-over-year from 3.23% in Q4 2024, and down 29.67% quarter-over-quarter from 10.53% in Q3 2025.
Ballard Power Systems (BLDP) Return on Capital Employed (2010 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Return on Capital Employed for 16 consecutive years, with 13.66% the latest figure, recorded in Q4 2025.
- In Q4 2025, Return on Capital Employed rose 323.0% year-over-year to 13.66%; the TTM figure through Dec 2025 stood at 13.66% (up 323.0% YoY), while the FY2025 annual figure was 11.09%, down 221.0% from the prior year.
- Return on Capital Employed eased to 13.66% in Q4 2025 per BLDP's latest filing, from 10.53% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 5.53% in Q1 2024 and bottomed at 16.89% in Q4 2024.
- Historically, Return on Capital Employed has averaged 5.95% across 5 years, with a median of 5.11% in 2022.
- On a YoY basis, Return on Capital Employed climbed as much as 1206 bps in 2024 and fell as far as 2231 bps in 2024.
- Ballard Power Systems' Return on Capital Employed stood at 3.92% in 2021, then tumbled by 39 bps to 5.43% in 2022, then soared by 200 bps to 5.42% in 2023, then slumped by 412 bps to 16.89% in 2024, then advanced by 19 bps to 13.66% in 2025.
- Business Quant data shows BLDP's Return on Capital Employed at 13.66% in Q4 2025, 10.53% in Q3 2025, and 14.99% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 29.36% |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 8.69% |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 15.18% |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 33.42% |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 11.34% |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 17.52% |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 34.05% |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 15.27% |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -71.96% |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn | -12.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -12.18% |
| Dec 31, 2025 | -13.66% |
| Sep 30, 2025 | -10.53% |
| Jun 30, 2025 | -14.99% |
| Mar 31, 2025 | -15.84% |
| Dec 31, 2024 | -16.89% |
| Sep 30, 2024 | -3.99% |
| Jun 30, 2024 | -0.84% |
| Mar 31, 2024 | 5.53% |
| Dec 31, 2023 | 5.42% |
| Sep 30, 2023 | -8.03% |
| Jun 30, 2023 | -1.20% |
| Mar 31, 2023 | -6.54% |
| Dec 31, 2022 | -5.43% |
| Sep 30, 2022 | -5.10% |
| Jun 30, 2022 | -9.58% |
| Mar 31, 2022 | -5.11% |
| Dec 31, 2021 | -3.92% |
| Sep 30, 2021 | -2.84% |
| Jun 30, 2021 | -1.61% |