Ballard Power Systems (BLDP) Tax Rate (2011 - 2026)
Ballard Power Systems (BLDP) posted quarterly Tax Rate of 0.26% for Q4 2025, up 75.0% year-over-year from 0.15% in Q4 2024, and up 165.66% quarter-over-quarter from 0.1% in Q2 2025.
Ballard Power Systems (BLDP) Tax Rate (2011 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Tax Rate for 15 consecutive years, with 0.26% the latest figure, recorded in Q4 2025.
- In Q4 2025, Tax Rate rose 75.0% year-over-year to 0.26%; the TTM figure through Dec 2025 stood at 0.12% (up 15.0% YoY), while the FY2025 annual figure was 0.08%, up 11.0% from the prior year.
- Tax Rate climbed to 0.26% in Q4 2025 per BLDP's latest filing, from 0.1% in the prior quarter.
- Across five years, Tax Rate topped out at 8.44% in Q4 2022 and bottomed at 0.62% in Q1 2023.
- Historically, Tax Rate has averaged 0.58% across 5 years, with a median of 0.09% in 2024.
- Annual changes were most pronounced in 2022 — Tax Rate surged 791 bps — and 2023, when it plunged 901 bps.
- Ballard Power Systems' Tax Rate stood at 0.53% in 2021, then soared by 1496 bps to 8.44% in 2022, then sank by 107 bps to 0.57% in 2023, then gained by 15 bps to 0.48% in 2024, then jumped by 155 bps to 0.26% in 2025.
- Business Quant data shows BLDP's Tax Rate at 0.26% in Q4 2025, 0.1% in Q2 2025, and 0.17% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 19.71% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 0.75% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 23.48% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 20.25% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 18.17% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 23.87% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 24.54% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 13.75% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 23.02% |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | 0.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.11% |
| Jun 30, 2026 | 0.11% |
| Jun 30, 2026 | 0.11% |
| 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% |
| Mar 31, 2025 | 0.17% |
| Mar 31, 2025 | 0.17% |
| Mar 31, 2025 | 0.17% |
| 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% |