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| Date | Value |
|---|---|
| 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% |