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Ballard Power Systems Inc.

BLDP.TO TSX Industrials Electrical Equipment & Parts Burnaby, Canada
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Stock Performance
Price History
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Market Data
Market Cap 893.2M
P/E Ratio -
52-Week High -
52-Week Low -
Avg Volume -
Beta -
Forward P/E -
Dividend Yield -
EV/Revenue -
Price/Book -
Business Overview

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary power, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including technology solutions, after sales services, and training services; and provision of engineering services, product and systems integration services, and related technology transfer for various PEM fuel cell applications. It operates in the United States, Germany, Canada, China, Poland, the United Kingdom, the Netherlands, France, Denmark, Belgium, India, Taiwan, Korea, Spain, Norway, Australia, Japan, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

Industrials Electrical Equipment & Parts TSX
Key Financial Metrics
69.7M
Revenue
-324.2M
Net Income
C$-1.08
EPS (Diluted)
-135.7M
Free Cash Flow
Profitability
Gross Margin -31.5%
Operating Margin -220.1%
Net Profit Margin -465.0%
EBITDA -309.3M
Returns & Efficiency
Return on Assets (ROA) -41.7%
Return on Equity (ROE) -48.2%
Dividend Yield -
Payout Ratio -
Financial Health
Total Assets 777.3M
Total Debt 23.9M
Debt to Equity 0.04x
Current Ratio 9.25
Company Info
IndustryElectrical Equipment & Parts
HQBurnaby, Canada
Employees887
Fiscal Year End1735603200
CurrencyCAD
Websitewww.ballard.com
Peers
100.3B
P/E: 24.8
88.0B
P/E: 19.0
58.8B
P/E: 29.6
58.6B
P/E: 40.3
29.9B
P/E: 33.2
25.2B
P/E: 48.7
21.1B
P/E: 105.4
16.1B
P/E: 32.6
Insider Activity
Sentiment Bullish
Shares Bought 1,648,652
Shares Sold 0
Total Transactions 34
SEDAR+ Filings
View All Filings
1
Annual Reports
34
Quarterly Reports
36
MD&A
112
News Releases
3
Material Changes
9
Prospectuses
36
Certifications
46
Other

● Interim financial statements/report – French.pdf
2025-11-27
● Interim financial statements/report – English.pdf
2025-11-13
● Interim financial statements/report – French.pdf
2025-08-26
● Interim financial statements/report – English.pdf
2025-08-12
● Interim financial statements/report – French.pdf
2024-11-22
View all 34 quarterly reports →

● Annual MD&A - English.pdf
2026-02-19
● Interim MD&A - French.pdf
2025-11-27
● Interim MD&A - English.pdf
2025-11-13
● Interim MD&A - French.pdf
2025-08-26
● Interim MD&A - English.pdf
2025-08-12
View all 36 md&a →

● News release - English.pdf
2026-02-19
● News release - English.pdf
2026-02-19
● News release - English.pdf
2026-01-16
● News release (section 4.8 of NI 62-104).pdf
2025-11-14
● News release - English.pdf
2025-11-13
View all 112 news releases →

● Material change report - English.pdf
2023-09-06
● Material change report - English.pdf
2022-12-30
● Material change report - English.pdf
2017-10-02

● Final short form prospectus – English.pdf
2025-09-17
● Final short form prospectus – French.pdf
2025-09-17
● Preliminary short form prospectus – English.pdf
2025-09-17
● Final short form prospectus – French.pdf
2023-05-29
● Final short form prospectus – English.pdf
2018-11-27
View all 9 prospectuses →

● 52-109F2 - Certification of interim filings - CFO (E).pdf
2025-11-13
● 52-109F2 - Certification of interim filings - CEO (E).pdf
2025-11-13
● 52-109F2 - Certification of interim filings - CEO (E).pdf
2025-08-12
● 52-109F2 - Certification of interim filings - CFO (E).pdf
2025-08-12
● 52-109F2 - Certification of interim filings - CEO (E).pdf
2024-11-06
View all 36 certifications →

● ON form 13-502F1 (class 1 and 3B reporting issuers - participation fee).PDF
2026-02-19
● AB form 13-501F1 (class 1 and 3B reporting issuers - participation fee).PDF
2026-02-19
● Decision Document (Final).pdf
2025-09-17
● Auditors' consent letter.pdf
2025-09-17
● Non-issuer's submission to jurisdiction and appointment of agent.pdf
2025-09-17
View all 46 other →
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Company Profile
General Information
Company NameBallard Power Systems Inc.
TickerBLDP.TO
ExchangeTSX
SectorIndustrials
IndustryElectrical Equipment & Parts
HeadquartersBurnaby, Canada
Employees887
Fiscal Year End1735603200
CurrencyCAD
Websitewww.ballard.com
Financial Summary
Market Cap893.2M
Revenue69.7M
Net Income-324.2M
P/E RatioN/A
EPS (Diluted)C$-1.08
Net Margin-465.0%
ROE-48.2%
Dividend YieldN/A
Business Description
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary power, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including technology solutions, after sales services, and training services; and provision of engineering services, product and systems integration services, and related technology transfer for various PEM fuel cell applications. It operates in the United States, Germany, Canada, China, Poland, the United Kingdom, the Netherlands, France, Denmark, Belgium, India, Taiwan, Korea, Spain, Norway, Australia, Japan, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
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