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Ballard Power Systems Inc.

CAD 2.94 -$0.76 (-20.54%)

TSX · 15 Sep 2026 20:00 UTC

Previous Close

CAD 3.02

Day Range

CAD 2.94CAD 3.03

Year Range

CAD 2.61CAD 9.08

Market Cap

886.34M

AVG Volume

1.41M

Trailing/Forward PE

-8.27/-

PEG ratio

0.26

Dividend Yield

Next Earnings Date

2026-10-30

Primary Exchange

Toronto Stock Exchange

Revenue (USD)

BLDP.TO Revenue (USD) by year
Period	Revenue (USD)
2025	99.89M
2024	69.73M
2023	101.85M
2022	83.82M
2021	104.5M
2020	104.06M
2019	106.33M
2018	96.59M
2017	121.29M
2016	85.27M

Net Income (USD)

BLDP.TO Net Income (USD) by year
Period	Net Income (USD)
2025	-91.18M
2024	-324.25M
2023	-168.88M
2022	-173.49M
2021	-114.23M
2020	-51.38M
2019	-39.05M
2018	-27.32M
2017	-8.05M
2016	-21.09M

Operating Income (USD)

BLDP.TO Operating Income (USD) by year
Period	Operating Income (USD)
2025	-104.68M
2024	-183.3M
2023	-161.37M
2022	-158.9M
2021	-88.1M
2020	-40.85M
2019	-27.39M
2018	-20.8M
2017	-4.88M
2016	-18.07M

EBITDA (USD)

BLDP.TO EBITDA (USD) by year
Period	EBITDA (USD)
2025	-80.34M
2024	-310.3M
2023	-122.42M
2022	-162.39M
2021	-103.57M
2020	-40.48M
2019	-29.61M
2018	-21.43M
2017	-682K
2016	-16.08M

Cash Flows (USD)

BLDP.TO Cash Flows (USD) by year
Period	Cash Flows (USD)
2025	-66.16M
2024	-135.72M
2023	-145.94M
2022	-166.67M
2021	-95.18M
2020	-55.8M
2019	-28.16M
2018	-41.54M
2017	-16.21M
2016	-10.79M

EPS (USD)

BLDP.TO EPS (USD) by year
Period	EPS (USD)
2025	-0.3
2024	-1.09
2023	-920.58
2022	-0.59
2021	-0.38
2020	-0.2
2019	-0.17
2018	-0.14
2017	-0.05
2016	-0.13

Expenses (USD)

BLDP.TO Expenses (USD) by year
Period	Expenses (USD)
2025	94.7M
2024	159.14M
2023	177.1M
2022	172.23M
2021	114.74M
2020	74.58M
2019	62.32M
2018	60.06M
2017	52.37M
2016	47.2M

Cash & Debt (USD)

BLDP.TO Cash & Debt (USD) by year
Period	Cash & Debt (USD)
2025	530.29M
2024	606.05M
2023	753.24M
2022	915.74M
2021	1.13B
2020	765.43M
2019	147.79M
2018	192.24M
2017	60.26M
2016	72.63M

Debt ratios

BLDP.TO Debt ratios by year
Period	Debt ratios
2025	0.75
2024	0.83
2023	1.71
2022	2.68
2021	5.69
2020	8.11
2019	1.89
2018	3.42

Margins

BLDP.TO Margins by year
Period	Margins
2025	4.47%
2024	-31.52%
2023	-21.48%
2022	-15.58%
2021	13.41%
2020	20.15%
2019	21.25%
2018	30.72%
2017	34.3%
2016	28.36%

Return on Capital

BLDP.TO Return on Capital by year
Period	Return on Capital
2025	-15.48%
2024	-48.18%
2023	-17.04%
2022	-14.97%
2021	-8.6%
2020	-5.7%
2019	-15.6%
2018	-9.67%
2017	-6.72%
2016	-17.35%

Shares Outstanding

BLDP.TO Shares Outstanding by year
Period	Shares Outstanding
2025	300.73M
2024	299.41M
2023	299.05M
2022	286.67M
2021	297.68M
2020	288.21M
2019	233.98M
2018	232.01M
2017	177.82M
2016	174.8M

Book Value Per Share (USD)

BLDP.TO Book Value Per Share (USD) by year
Period	Book Value Per Share (USD)
2025	1.96
2024	2.25
2023	3.31
2022	4.04
2021	4.46
2020	3.13
2019	1.07
2018	1.22
2017	0.67
2016	0.7

Total Assets (USD)

BLDP.TO Total Assets (USD) by year
Period	Total Assets (USD)
2025	681.15M
2024	777.31M
2023	1.08B
2022	1.25B
2021	1.44B
2020	975.6M
2019	340.32M
2018	346.1M
2017	177.66M
2016	183.45M

Free Cash Flow Yield

BLDP.TO Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	-7.45%
Sep 26	-7.13%
Sep 26	-6.72%
Aug 26	-6.99%
Aug 26	-6.56%
Aug 26	-5.85%
Aug 26	-6.03%
Jul 26	-5.93%
Jul 26	-5.44%
Jul 26	-5.84%
Jul 26	-5.12%
Jul 26	-4.41%
Jun 26	-6.06%
Jun 26	-5%
Jun 26	-5.22%
Jun 26	-4.48%
May 26	-3.49%
May 26	-3.97%
May 26	-4.97%
May 26	-5.31%
May 26	-6.5%
Apr 26	-6.71%
Apr 26	-7.45%
Apr 26	-7.85%
Apr 26	-8.88%
Mar 26	-14.61%
Mar 26	-14.3%
Mar 26	-14.48%
Mar 26	-17.12%
Feb 26	-16.16%
Feb 26	-16.31%
Feb 26	-16.19%
Feb 26	-16.2%
Jan 26	-14.82%
Jan 26	-13.1%
Jan 26	-12.42%
Jan 26	-12.51%
Jan 26	-12.88%
Dec 25	-12.9%
Dec 25	-13.27%
Dec 25	-12.71%
Dec 25	-12.27%
Nov 25	-12.31%
Nov 25	-12.74%
Nov 25	-11.42%
Nov 25	-11.48%
Oct 25	-11.26%
Oct 25	-11.65%
Oct 25	-11.05%
Oct 25	-12.26%
Oct 25	-11.37%
Sep 25	-16.44%
Sep 25	-16.42%
Sep 25	-21.72%
Sep 25	-22.71%
Aug 25	-22.57%
Aug 25	-22.38%
Aug 25	-22.61%
Aug 25	-24.86%
Aug 25	-25.01%
Jul 25	-21.27%
Jul 25	-23.93%
Jul 25	-24.06%
Jul 25	-26.03%
Jun 25	-30.84%
Jun 25	-29.92%
Jun 25	-27.6%
Jun 25	-29.83%
May 25	-35.78%
May 25	-34.19%
May 25	-32.13%
May 25	-33.76%
May 25	-35.98%
Apr 25	-37.14%
Apr 25	-39.93%
Apr 25	-37.85%
Apr 25	-41.87%
Mar 25	-38.68%
Mar 25	-33.96%
Mar 25	-33.47%
Mar 25	-34.74%
Feb 25	-36.17%
Feb 25	-31.12%
Feb 25	-29.85%
Feb 25	-31.59%
Jan 25	-31.95%
Jan 25	-30.04%
Jan 25	-27.56%
Jan 25	-24.85%
Jan 25	-22.83%
Dec 24	-23.74%
Dec 24	-24.59%
Dec 24	-24.88%
Dec 24	-24.74%
Nov 24	-27.08%
Nov 24	-30.57%
Nov 24	-31.15%
Nov 24	-29.45%
Nov 24	-24.59%
Oct 24	-26.11%

Price to Sales

BLDP.TO Price to Sales by year
Period	Price to Sales
Sep 26	6.14
Sep 26	6.41
Sep 26	6.8
Aug 26	6.54
Aug 26	6.96
Aug 26	7.81
Aug 26	7.58
Jul 26	7.71
Jul 26	8.4
Jul 26	7.83
Jul 26	8.92
Jul 26	10.36
Jun 26	10.93
Jun 26	13.26
Jun 26	12.68
Jun 26	14.8
May 26	18.96
May 26	16.69
May 26	13.34
May 26	12.48
May 26	10.19
Apr 26	9.87
Apr 26	8.89
Apr 26	8.44
Apr 26	7.46
Mar 26	7.91
Mar 26	8.08
Mar 26	7.98
Mar 26	6.75
Feb 26	7.15
Feb 26	7.09
Feb 26	7.14
Feb 26	7.14
Jan 26	7.8
Jan 26	8.82
Jan 26	9.31
Jan 26	9.24
Jan 26	8.97
Dec 25	8.96
Dec 25	8.71
Dec 25	9.09
Dec 25	9.42
Nov 25	9.39
Nov 25	9.07
Nov 25	10.12
Nov 25	14.46
Oct 25	14.74
Oct 25	14.24
Oct 25	15.02
Oct 25	13.53
Oct 25	14.59
Sep 25	11.65
Sep 25	11.66
Sep 25	8.82
Sep 25	8.43
Aug 25	8.48
Aug 25	8.56
Aug 25	8.47
Aug 25	7.7
Aug 25	7.65
Jul 25	9
Jul 25	8
Jul 25	7.96
Jul 25	7.36
Jun 25	6.31
Jun 25	6.5
Jun 25	7.05
Jun 25	6.52
May 25	5.44
May 25	5.69
May 25	6.06
May 25	5.76
May 25	5.41
Apr 25	5.24
Apr 25	4.87
Apr 25	5.14
Apr 25	4.65
Mar 25	3.71
Mar 25	4.23
Mar 25	4.29
Mar 25	4.13
Feb 25	3.97
Feb 25	4.61
Feb 25	4.81
Feb 25	4.54
Jan 25	4.49
Jan 25	4.78
Jan 25	5.21
Jan 25	5.78
Jan 25	6.29
Dec 24	4.87
Dec 24	4.7
Dec 24	4.65
Dec 24	4.67
Nov 24	4.27
Nov 24	3.78
Nov 24	3.71
Nov 24	3.93
Nov 24	4.7
Oct 24	4.43

Price to Book

BLDP.TO Price to Book by year
Period	Price to Book
Sep 26	1.1
Sep 26	1.15
Sep 26	1.22
Aug 26	1.18
Aug 26	1.25
Aug 26	1.4
Aug 26	1.36
Jul 26	1.39
Jul 26	1.51
Jul 26	1.41
Jul 26	1.6
Jul 26	1.86
Jun 26	1.85
Jun 26	2.25
Jun 26	2.15
Jun 26	2.51
May 26	3.22
May 26	2.83
May 26	2.26
May 26	2.12
May 26	1.73
Apr 26	1.67
Apr 26	1.51
Apr 26	1.43
Apr 26	1.27
Mar 26	1.18
Mar 26	1.2
Mar 26	1.19
Mar 26	1
Feb 26	1.06
Feb 26	1.05
Feb 26	1.06
Feb 26	1.06
Jan 26	1.16
Jan 26	1.31
Jan 26	1.38
Jan 26	1.37
Jan 26	1.33
Dec 25	1.33
Dec 25	1.3
Dec 25	1.35
Dec 25	1.4
Nov 25	1.4
Nov 25	1.35
Nov 25	1.5
Nov 25	1.65
Oct 25	1.68
Oct 25	1.62
Oct 25	1.71
Oct 25	1.54
Oct 25	1.66
Sep 25	1.26
Sep 25	1.26
Sep 25	0.95
Sep 25	0.91
Aug 25	0.92
Aug 25	0.92
Aug 25	0.92
Aug 25	0.83
Aug 25	0.83
Jul 25	0.97
Jul 25	0.86
Jul 25	0.86
Jul 25	0.8
Jun 25	0.65
Jun 25	0.67
Jun 25	0.73
Jun 25	0.68
May 25	0.56
May 25	0.59
May 25	0.63
May 25	0.6
May 25	0.56
Apr 25	0.54
Apr 25	0.5
Apr 25	0.53
Apr 25	0.48
Mar 25	0.47
Mar 25	0.54
Mar 25	0.54
Mar 25	0.52
Feb 25	0.5
Feb 25	0.59
Feb 25	0.61
Feb 25	0.58
Jan 25	0.57
Jan 25	0.61
Jan 25	0.66
Jan 25	0.73
Jan 25	0.8
Dec 24	0.55
Dec 24	0.53
Dec 24	0.52
Dec 24	0.53
Nov 24	0.48
Nov 24	0.43
Nov 24	0.42
Nov 24	0.44
Nov 24	0.53
Oct 24	0.5

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