Ballard Power Systems (BLDP) Return on Capital Employed (2010 - 2025)
Ballard Power Systems' (BLDP) quarterly Return on Capital Employed came in at 16.28% in Q4 2025, up 889.0% year-on-year from 1.65% in Q4 2024, and up 17.91% on a QoQ basis from 19.83% in Q3 2025.
Ballard Power Systems (BLDP) Return on Capital Employed (2010 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 16 years of Return on Capital Employed data on file, last reported at 16.28% in Q4 2025.
- On a quarterly basis, Return on Capital Employed rose 889.0% year-over-year to 16.28% in Q4 2025; TTM through Dec 2025 was 16.28%, a 889.0% increase from a year earlier, with the FY2025 full-year figure at 15.47%, up 605.0% from the prior year.
- Return on Capital Employed for Q4 2025 stood at 16.28%, up from 19.83% in the prior quarter.
- Over the last five years, Return on Capital Employed for BLDP reached as high as 3.82% in Q1 2021 and fell as low as 25.17% in Q4 2024.
- Historically, Return on Capital Employed has averaged 14.18% across 5 years, with a median of 13.66% in 2023.
- Across the five-year window, Return on Capital Employed sank 938 bps in 2024 and soared 889 bps in 2025, its largest moves.
- Year by year, Return on Capital Employed stood at 6.48% in 2021, then slumped by 88 bps to 12.17% in 2022, then fell by 30 bps to 15.78% in 2023, then sank by 59 bps to 25.17% in 2024, then soared by 35 bps to 16.28% in 2025.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 16.28% in Q4 2025, 19.83% in Q3 2025, and 23.9% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 8.37% |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 26.52% |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 4.38% |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 18.97% |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 11.66% |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 13.11% |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 17.52% |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 32.43% |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 13.24% |
| 10 | Ballard Power Systems | 895.53 Mn | 364.27 Mn | 5.64 Mn | -16.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -16.28% |
| Sep 30, 2025 | -19.83% |
| Jun 30, 2025 | -23.90% |
| Mar 31, 2025 | -24.55% |
| Dec 31, 2024 | -25.17% |
| Sep 30, 2024 | -22.77% |
| Jun 30, 2024 | -17.28% |
| Mar 31, 2024 | -16.51% |
| Dec 31, 2023 | -15.78% |
| Sep 30, 2023 | -13.61% |
| Jun 30, 2023 | -13.70% |
| Mar 31, 2023 | -13.48% |
| Dec 31, 2022 | -12.17% |
| Sep 30, 2022 | -11.60% |
| Jun 30, 2022 | -9.58% |
| Mar 31, 2022 | -7.71% |
| Dec 31, 2021 | -6.48% |
| Sep 30, 2021 | -5.34% |
| Jun 30, 2021 | -4.06% |
| Mar 31, 2021 | -3.82% |