Ballard Power Systems (BLDP) Return on Equity [ROE] (2010 - 2026)
Ballard Power Systems' Return on Equity [ROE] came in at -13.47% for the quarter ended Jun 30, 2026, up 32.17 percentage points from -45.63% a year earlier and up 0.04 percentage points from the prior quarter.
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Analysis
Ballard Power Systems (BLDP) Return on Equity [ROE] (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Ballard Power Systems' Return on Equity [ROE] was -13.90%, up 25.18 percentage points from the prior year.
- Return on Equity [ROE] carries a five-year change of -4.94 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Return on Equity [ROE] was -39.07% in the year ended Dec 31, 2024 (-22.50 pp), -16.58% in the year ended Dec 31, 2023 (-2.49 pp), -14.09% in the year ended Dec 31, 2022 (-4.11 pp) and -9.98% in the year ended Dec 31, 2021 (-1.02 pp).
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Return on Equity [ROE] since the quarter ended Jun 30, 2023.
- Year-over-year, Return on Equity [ROE] has increased for four consecutive quarters, with an average year-over-year change of +1.38 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in the quarter ended Mar 31, 2026 (a gain of 32.23 percentage points), and the weakest in the quarter ended Dec 31, 2024 (a drop of 29.14 percentage points).
- Business Quant data shows BLDP's Return on Equity [ROE] at -13.51% (quarter ended Mar 31, 2026), -14.67% (quarter ended Dec 31, 2025) and -18.97% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 243.42 Bn | 203.34 Bn | 2.36 Bn | 67.58% |
| 2 | Bloom Energy | 64.86 Bn | 56.65 Bn | 355.57 Mn | 19.39% |
| 3 | First Solar | 18.49 Bn | 9.44 Bn | 605.00 Mn | 17.29% |
| 4 | BWX Technologies | 12.47 Bn | 10.77 Bn | 202.31 Mn | 27.24% |
| 5 | Nextpower | 12.04 Bn | 7.93 Bn | 335.85 Mn | 24.29% |
| 6 | Generac Holdings | 11.40 Bn | 10.23 Bn | 521.81 Mn | 9.34% |
| 7 | EnerSys | 6.16 Bn | 4.36 Bn | 313.36 Mn | 18.16% |
| 8 | Enphase Energy | 4.04 Bn | -817.10 Mn | 175.01 Mn | 11.73% |
| 9 | Mirion Technologies | 3.66 Bn | 1.50 Bn | 133.10 Mn | 1.36% |
| 10 | Ballard Power Systems | 457.74 Mn | -1.63 Bn | 4.08 Mn | -14.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.02% |
| Mar 31, 2026 | -14.05% |
| Dec 31, 2025 | -15.19% |
| Sep 30, 2025 | -18.83% |
| Jun 30, 2025 | -45.50% |
| Mar 31, 2025 | -45.61% |
| Dec 31, 2024 | -46.57% |
| Sep 30, 2024 | -39.77% |
| Jun 30, 2024 | -19.79% |
| Mar 31, 2024 | -19.16% |
| Dec 31, 2023 | -17.51% |
| Sep 30, 2023 | -14.88% |
| Jun 30, 2023 | -12.51% |
| Mar 31, 2023 | -14.35% |
| Dec 31, 2022 | -14.55% |
| Sep 30, 2022 | -15.26% |
| Jun 30, 2022 | -13.72% |
| Mar 31, 2022 | -10.46% |
| Dec 31, 2021 | -8.49% |
| Sep 30, 2021 | -6.21% |
API Access
Ballard Power Systems Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();