Ballard Power Systems (BLDP) Tax Rate (2011 - 2025)
Ballard Power Systems (BLDP) reported Tax Rate of 0.15% for Q4 2025, up 33.0% year-over-year from 0.12% in Q4 2024, and down 255.93% quarter-over-quarter 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 0.15% in Q4 2025.
- Tax Rate for Q4 2025 came in at 0.15%, up 33.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.25% (down 21.0% YoY), and the FY2025 annual result was 0.08%, up 11.0% from the prior year.
- Tax Rate eased to 0.15% in Q4 2025 per BLDP's latest filing, from 0.1% in the prior quarter.
- Over five years, Tax Rate peaked at 14.49% in Q4 2022 and troughed at 0.62% in Q1 2023.
- A 5-year average of 0.82% and a median of 0.06% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate soared 1396 bps in 2022, then slumped 1506 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 0.53% in 2021, then jumped by 2641 bps to 14.49% in 2022, then plunged by 104 bps to 0.57% in 2023, then rose by 15 bps to 0.48% in 2024, then soared by 68 bps to 0.15% in 2025.
- Business Quant data shows BLDP's Tax Rate at 0.15% 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 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 11.00% |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 0.54% |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 20.63% |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 22.59% |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 3.86% |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | -0.15% |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 25.73% |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 21.24% |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 22.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.15% |
| Dec 31, 2025 | -0.15% |
| Jun 30, 2025 | 0.10% |
| Jun 30, 2025 | 0.10% |
| Dec 31, 2024 | -0.48% |
| Dec 31, 2024 | -0.48% |
| Jun 30, 2024 | 0.22% |
| Jun 30, 2024 | 0.22% |
| Mar 31, 2024 | 0.09% |
| Mar 31, 2024 | 0.09% |
| Dec 31, 2023 | -0.57% |
| Dec 31, 2023 | -0.57% |
| Sep 30, 2023 | 0.06% |
| Sep 30, 2023 | 0.06% |
| Jun 30, 2023 | -0.35% |
| Jun 30, 2023 | -0.35% |
| Mar 31, 2023 | -0.62% |
| Mar 31, 2023 | -0.62% |
| Dec 31, 2022 | 14.49% |
| Dec 31, 2022 | 14.49% |