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Ballard Power Systems Inc. BLDP

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1.46 USD -0.13 (-8.18%)

At closeNov 5, 2026, 6:35 PM EST

1.45 -0.01 -0.70%

After hours · Nov 5, 6:35 PM ET

1.40 Day range 1.57
1.40 52-week range 6.57
YTD
-42.52%
1 year
-60.00%

Financial health

Altman Z-Score

-0.54 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

4 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

C+2 / 5 overall

  • DCF 1
  • Return on Equity 1
  • Return on Assets 1
  • Debt / Equity 5
  • P/E 1
  • P/B 3

Valuation

P/E -8.2×
FY 2016: -12.7×FY 2017: -96.5×FY 2018: -15.9×FY 2019: -42.2×FY 2020: -117×FY 2021: -32.2×FY 2022: -8.3×FY 2023: -6.1×FY 2024: -1.5×FY 2025: -8.2×
FY 2016 5y median -8.2× FY 2025
P/S 7.6×
FY 2016: 3.2×FY 2017: 6.4×FY 2018: 4.6×FY 2019: 15.8×FY 2020: 56.0×FY 2021: 35.5×FY 2022: 17.4×FY 2023: 10.8×FY 2024: 7.1×FY 2025: 7.6×
FY 2016 5y median 10.8× FY 2025
P/B 1.3×
FY 2016: 2.2×FY 2017: 6.5×FY 2018: 1.6×FY 2019: 6.7×FY 2020: 6.5×FY 2021: 2.8×FY 2022: 1.2×FY 2023: 1.1×FY 2024: 0.7×FY 2025: 1.3×
FY 2016 5y median 1.2× FY 2025
P/FCF -11.5×
FY 2016: -25.0×FY 2017: -47.9×FY 2018: -10.7×FY 2019: -59.4×FY 2020: -104×FY 2021: -39.0×FY 2022: -8.6×FY 2023: -7.6×FY 2024: -3.7×FY 2025: -11.5×
FY 2016 5y median -8.6× FY 2025
EV/EBITDA -3.4×
FY 2016: -12.9×FY 2017: -816×FY 2018: -12.8×FY 2019: -59.4×FY 2020: -126×FY 2021: -30.1×FY 2022: -3.6×FY 2023: -3.0×FY 2024: 0.3×FY 2025: -3.4×
FY 2016 5y median -3.4× FY 2025
EV/Sales 2.6×
FY 2016: 2.4×FY 2017: 6.0×FY 2018: 2.7×FY 2019: 14.6×FY 2020: 48.8×FY 2021: 24.9×FY 2022: 6.5×FY 2023: 3.6×FY 2024: -1.2×FY 2025: 2.6×
FY 2016 5y median 3.6× FY 2025
FCF Yield -8.7%
FY 2016: -4.0%FY 2017: -2.1%FY 2018: -9.4%FY 2019: -1.7%FY 2020: -1.0%FY 2021: -2.6%FY 2022: -11.7%FY 2023: -13.2%FY 2024: -27.3%FY 2025: -8.7%
FY 2016 5y median -11.7% FY 2025

Profitability

Gross Margin 2.4%
FY 2016: 28.4%FY 2017: 34.3%FY 2018: 30.7%FY 2019: 21.1%FY 2020: 20.2%FY 2021: 13.4%FY 2022: -16.3%FY 2023: -21.3%FY 2024: -31.5%FY 2025: 2.4%
FY 2016 5y median -16.3% FY 2025
Operating Margin -80.6%
FY 2016: -21.2%FY 2017: -4.0%FY 2018: -21.5%FY 2019: -24.1%FY 2020: -38.3%FY 2021: -84.2%FY 2022: -173.5%FY 2023: -159.1%FY 2024: -262.9%FY 2025: -80.6%
FY 2016 5y median -159.1% FY 2025
Net Margin -91.4%
FY 2016: -25.4%FY 2017: -6.6%FY 2018: -28.3%FY 2019: -36.9%FY 2020: -49.5%FY 2021: -109.5%FY 2022: -211.9%FY 2023: -173.6%FY 2024: -465.0%FY 2025: -91.4%
FY 2016 5y median -173.6% FY 2025
ROE -15.7%
FY 2016: -17.4%FY 2017: -6.7%FY 2018: -9.7%FY 2019: -15.6%FY 2020: -5.7%FY 2021: -8.6%FY 2022: -15.0%FY 2023: -17.9%FY 2024: -48.2%FY 2025: -15.7%
FY 2016 5y median -15.7% FY 2025
ROIC -13.1%
FY 2016: -12.8%FY 2017: -3.5%FY 2018: -7.0%FY 2019: -9.1%FY 2020: -4.3%FY 2021: -6.5%FY 2022: -12.1%FY 2023: -16.1%FY 2024: -26.0%FY 2025: -13.1%
FY 2016 5y median -13.1% FY 2025
ROA -13.6%
FY 2016: -11.8%FY 2017: -4.5%FY 2018: -7.9%FY 2019: -11.5%FY 2020: -5.3%FY 2021: -7.9%FY 2022: -13.9%FY 2023: -16.5%FY 2024: -41.7%FY 2025: -13.6%
FY 2016 5y median -13.9% FY 2025

Growth (YoY)

Revenue 45.0%
FY 2016: 51.0%FY 2017: 42.2%FY 2018: -20.4%FY 2019: 9.5%FY 2020: -1.7%FY 2021: 0.6%FY 2022: -21.7%FY 2023: 25.1%FY 2024: -31.9%FY 2025: 45.0%
FY 2016 FY 2025
Operating Income 55.5%
FY 2016: 27.4%FY 2017: 73.0%FY 2018: -326.5%FY 2019: -22.3%FY 2020: -56.3%FY 2021: -121.3%FY 2022: -61.4%FY 2023: -14.7%FY 2024: -12.5%FY 2025: 55.5%
FY 2016 FY 2025
EPS (diluted) 72.2%
FY 2016: -214.0%FY 2017: 64.8%FY 2018: -228.2%FY 2019: -13.3%FY 2020: -17.6%FY 2021: -95.0%FY 2022: -48.7%FY 2023: -5.2%FY 2024: -77.0%FY 2025: 72.2%
FY 2016 FY 2025
Free Cash Flow 50.5%
FY 2016: 63.1%FY 2017: -50.3%FY 2018: -156.2%FY 2019: 32.2%FY 2020: -98.1%FY 2021: -70.6%FY 2022: -75.1%FY 2023: 12.4%FY 2024: 7.0%FY 2025: 50.5%
FY 2016 FY 2025

Financial Health

Current Ratio 9.9×
FY 2016: 2.5×FY 2017: 2.6×FY 2018: 5.5×FY 2019: 3.6×FY 2020: 16.4×FY 2021: 14.8×FY 2022: 14.1×FY 2023: 12.3×FY 2024: 9.2×FY 2025: 9.9×
FY 2016 5y median 12.3× FY 2025
Quick Ratio 9.1×
FY 2016: 2.1×FY 2017: 2.2×FY 2018: 4.9×FY 2019: 3.1×FY 2020: 15.9×FY 2021: 14.2×FY 2022: 13.3×FY 2023: 11.6×FY 2024: 8.5×FY 2025: 9.1×
FY 2016 5y median 11.6× FY 2025
Debt / Equity 0.0×
FY 2016: 0.1×FY 2017: 0.1×FY 2018: 0.0×FY 2019: 0.1×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.0× FY 2025
Net Debt / EBITDA 6.5×
FY 2016: 4.1×FY 2017: 60.1×FY 2018: 9.3×FY 2019: 4.9×FY 2020: 18.5×FY 2021: 12.8×FY 2022: 6.2×FY 2023: 6.0×FY 2024: 1.9×FY 2025: 6.5×
FY 2016 5y median 6.2× FY 2025
Interest Coverage -42.1×
FY 2016: -26.3×FY 2017: -6.7×FY 2018: -41.3×FY 2019: -17.3×FY 2020: -29.0×FY 2021: -68.6×FY 2022: -117×FY 2023: -134×FY 2024: -85.4×FY 2025: -42.1×
FY 2016 5y median -85.4× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31