Ballard Power Systems (BLDP) Return on Capital Employed [ROCE] (2010 - 2026)
Ballard Power Systems (BLDP) reported Return on Capital Employed [ROCE] of -11.90% for the quarter ended Jun 30, 2026, up 3.09 percentage points from -14.99% a year earlier and up 2.35 percentage points from the prior quarter.
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Analysis
Ballard Power Systems (BLDP) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Ballard Power Systems posted Return on Capital Employed [ROCE] of -15.47%, up 6.05 percentage points from the prior year.
- Return on Capital Employed [ROCE] has a five-year change of -8.91 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Return on Capital Employed [ROCE] came in at -21.52% in the year ended Dec 31, 2024 (-6.60 pp), -14.92% in the year ended Dec 31, 2023 (-3.49 pp), -11.44% in the year ended Dec 31, 2022 (-3.60 pp) and -7.83% in the year ended Dec 31, 2021 (-1.27 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of -16.89% in the quarter ended Dec 31, 2024 and a high of 3.45% in the quarter ended Jun 30, 2023.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last four quarters, with an average year-over-year change of -3.88 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was the quarter ended Jun 30, 2023 (a gain of 9.06 percentage points); the low point was the quarter ended Jun 30, 2024 (a drop of 14.23 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at -14.24% (quarter ended Mar 31, 2026), -16.28% (quarter ended Dec 31, 2025) and -10.53% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.36 Bn | 181.43 Bn | 2.36 Bn | 8.04% |
| 2 | Bloom Energy | 64.36 Bn | 54.29 Bn | 417.10 Mn | 12.05% |
| 3 | First Solar | 18.40 Bn | 9.36 Bn | 605.00 Mn | 16.07% |
| 4 | Nextpower | 11.77 Bn | 7.67 Bn | 335.85 Mn | 23.08% |
| 5 | BWX Technologies | 11.66 Bn | 9.96 Bn | 202.31 Mn | 11.64% |
| 6 | Generac Holdings | 11.09 Bn | 9.91 Bn | 521.81 Mn | 9.38% |
| 7 | EnerSys | 6.12 Bn | 4.32 Bn | 313.36 Mn | 15.27% |
| 8 | Enphase Energy | 4.14 Bn | -716.82 Mn | 175.01 Mn | 4.90% |
| 9 | Mirion Technologies | 3.65 Bn | 1.53 Bn | 133.10 Mn | 1.68% |
| 10 | Ballard Power Systems | 448.17 Mn | -1.64 Bn | 4.08 Mn | -5.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.21% |
| Mar 31, 2026 | -7.73% |
| Dec 31, 2025 | -9.94% |
| Sep 30, 2025 | -21.15% |
| Jun 30, 2025 | -25.16% |
| Mar 31, 2025 | -25.78% |
| Dec 31, 2024 | -26.34% |
| Sep 30, 2024 | -22.76% |
| Jun 30, 2024 | -17.28% |
| Mar 31, 2024 | -15.08% |
| Dec 31, 2023 | -14.41% |
| Sep 30, 2023 | -12.76% |
| Jun 30, 2023 | -12.38% |
| Mar 31, 2023 | -13.40% |
| Dec 31, 2022 | -12.10% |
| Sep 30, 2022 | -12.19% |
| Jun 30, 2022 | -10.58% |
| Mar 31, 2022 | -8.68% |
| Dec 31, 2021 | -7.43% |
| Sep 30, 2021 | -5.23% |
API Access
Ballard Power Systems Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();