Ballard Power Systems (BLDP) Tax Rate (2011 - 2025)

Ballard Power Systems' (BLDP) quarterly Tax Rate came in at 0.26% in Q4 2025, up 75.0% year-on-year from 0.15% in Q4 2024, and up 165.66% on a QoQ basis from 0.1% in Q2 2025.

Ballard Power Systems (BLDP) Tax Rate (2011 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 15 years of Tax Rate data on file, last reported at 0.26% in Q4 2025.

  • On a quarterly basis, Tax Rate rose 75.0% year-over-year to 0.26% in Q4 2025; TTM through Dec 2025 was 0.17%, a 13.0% decrease from a year earlier, with the FY2025 full-year figure at 0.08%, up 11.0% from the prior year.
  • Tax Rate for Q4 2025 stood at 0.26%, up from 0.1% in the prior quarter.
  • Over the last five years, Tax Rate for BLDP reached as high as 8.44% in Q4 2022 and fell as low as 0.97% in Q3 2022.
  • Historically, Tax Rate has averaged 0.36% across 5 years, with a median of 0.01% in 2021.
  • Across the five-year window, Tax Rate soared 791 bps in 2022 and slumped 901 bps in 2023, its largest moves.
  • Year by year, Tax Rate stood at 0.53% in 2021, then surged by 1496 bps to 8.44% in 2022, then sank by 107 bps to 0.57% in 2023, then climbed by 15 bps to 0.48% in 2024, then soared by 155 bps to 0.26% in 2025.
  • Per Business Quant data, the three most recent Tax Rate figures were 0.26% in Q4 2025, 0.1% in Q2 2025, and 0.48% in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn -
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 11.00%
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 0.60%
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 22.59%
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 20.63%
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 3.86%
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn -409.26%
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 25.73%
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 22.01%
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 0.26%

Historic Data

Download Data
DateValue
Dec 31, 2025 0.26%
Dec 31, 2025 0.26%
Dec 31, 2025 0.26%
Jun 30, 2025 0.10%
Jun 30, 2025 0.10%
Jun 30, 2025 0.10%
Dec 31, 2024 -0.48%
Dec 31, 2024 -0.48%
Dec 31, 2024 -0.48%
Jun 30, 2024 0.22%
Jun 30, 2024 0.22%
Jun 30, 2024 0.22%
Mar 31, 2024 0.09%
Mar 31, 2024 0.09%
Mar 31, 2024 0.09%
Dec 31, 2023 -0.57%
Dec 31, 2023 -0.57%
Dec 31, 2023 -0.57%
Sep 30, 2023 0.06%
Sep 30, 2023 0.06%