Ballard Power Systems Inc. (BLDP) Earnings History
Annual and quarterly earnings data from 1993 to 2025
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BLDP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BLDP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 2.4% | -80.6% | -91.4% |
| 2024 | -31.5% | -262.9% | -465.0% |
| 2023 | -21.3% | -159.1% | -173.6% |
| 2022 | -15.6% | -189.6% | -207.0% |
| 2021 | 13.4% | -84.2% | -109.5% |
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Ballard Power Systems Inc. (BLDP) Earnings Overview
As of May 6, 2026, Ballard Power Systems Inc. (BLDP) reported trailing twelve-month net income of -$91M, reflecting +72.2% year-over-year growth. The company earned $-0.31 per diluted share over the past four quarters, with a net profit margin of -91.4%.
Looking at the long-term picture, BLDP's historical earnings data spans multiple years. The company achieved its highest annual net income of $34M in fiscal 2008.
Ballard Power Systems Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including PLUG (-$1.63B net income, -229.8% margin), FCEL (-$183M net income, -118.8% margin), HYMC (-$77M net income), BLDP has outperformed on profitability metrics. Compare BLDP vs PLUG →
BLDP Earnings vs Peers
Earnings metrics vs comparable public companies
BLDP Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$92M | +71.5% | -$82M | $-0.30 | -91.4% | -80.6% |
| 2024 | -$324M | -82.5% | -$183M | $-1.08 | -465.0% | -262.9% |
| 2023 | -$178M | -2.4% | -$163M | $-0.61 | -173.6% | -159.1% |
| 2022 | -$173M | -51.7% | -$159M | $-0.58 | -207.0% | -189.6% |
| 2021 | -$114M | -122.7% | -$88M | $-0.39 | -109.5% | -84.2% |
| 2020 | -$51M | -31.6% | -$40M | $-0.20 | -49.5% | -38.3% |
| 2019 | -$39M | -42.9% | -$25M | $-0.17 | -36.9% | -24.1% |
| 2018 | -$27M | -239.5% | -$21M | $-0.15 | -28.3% | -21.5% |
| 2017 | -$8M | +62.9% | -$5M | $-0.05 | -6.6% | -4.0% |
| 2016 | -$22M | -272.9% | -$18M | $-0.13 | -25.4% | -21.2% |
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Start ComparisonBLDP — Frequently Asked Questions
Quick answers to the most common questions about buying BLDP stock.
Is BLDP growing earnings?
BLDP EPS is $-0.31, with earnings growth accelerating to +72.2%. This exceeds the 5-year CAGR of N/A. TTM net income reached $-91M.
What are BLDP's profit margins?
Ballard Power Systems Inc. net margin is -91.4%, with operating margin at -80.6%. Below-average margins reflect competitive or cost pressures.
How consistent are BLDP's earnings?
BLDP earnings data spans 1993-2025. The accelerating earnings trend is +72.2% YoY. Historical data enables comparison across business cycles.