Ballard Power Systems Inc. (TSX:BLDP)

Ballard Power Systems Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	1,553	1,053	716	1,467	1,933	4,730
Market Cap Growth	128.12%	47.09%	-51.21%	-24.14%	-59.13%	-43.66%
Enterprise Value	855	349	-108	432	641	3,203
Last Close Price	5.15	3.50	2.39	4.91	6.48	15.89
PS Ratio	10.76	7.73	7.13	10.85	17.45	35.77
PB Ratio	1.92	1.30	0.74	1.12	1.23	2.81
P/TBV Ratio	1.93	1.30	0.74	1.17	1.31	3.01
EV/Sales Ratio	5.92	2.56	-	3.20	5.78	24.22
Debt / Equity Ratio	0.04	0.04	0.04	0.02	0.01	0.01
Net Debt / Equity Ratio	-0.86	-0.86	-0.86	-0.74	-0.78	-0.84
Net Debt / EBITDA Ratio	7.74	6.34	3.66	4.83	6.84	14.04
Net Debt / FCF Ratio	10.51	7.71	4.35	5.04	5.42	11.85
Asset Turnover	0.15	0.14	0.08	0.09	0.06	0.09
Inventory Turnover	1.68	1.88	1.79	2.39	1.74	2.26
Quick Ratio	9.85	9.11	8.44	11.50	13.18	14.11
Current Ratio	10.70	9.86	9.25	12.25	14.06	14.78
Return on Equity (ROE)	-13.20%	-14.40%	-38.88%	-13.41%	-12.90%	-10.26%
Return on Assets (ROA)	-5.70%	-6.89%	-11.21%	-8.64%	-6.61%	-4.45%
Return on Capital Employed (ROCE)	-10.60%	-13.00%	-23.70%	-16.00%	-12.10%	-6.30%
Earnings Yield	-7.31%	-11.84%	-65.19%	-16.00%	-12.14%	-3.06%
FCF Yield	-4.28%	-8.60%	-26.93%	-13.13%	-11.63%	-2.50%
Buyback Yield / Dilution	-0.36%	-0.28%	-0.22%	-0.19%	-0.95%	-18.84%

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jun 26, 2026

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