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
DateValue
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%