Ballard Power Systems Ratios and Metrics

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	2,065	1,053	718	1,466	1,935	4,730
Market Cap Growth	284.78%	46.70%	-51.03%	-24.28%	-59.08%	-43.69%
Enterprise Value	1,367	349.28	-121.98	485.23	708.9	3,323
Last Close Price	6.85	3.50	2.40	4.90	6.49	15.89
PS Ratio	14.31	7.72	7.17	10.80	17.42	35.81
PB Ratio	2.56	1.30	0.74	1.12	1.23	2.82
P/TBV Ratio	3.56	1.78	1.07	1.48	1.80	3.53
EV/Sales Ratio	9.47	2.56	-1.22	3.58	6.38	25.16
EV/EBITDA Ratio	-	-	0.50	-	-	-
EV/EBIT Ratio	-	-	0.46	-	-	-
EV/FCF Ratio	-	-	0.63	-	-	-
Debt / Equity Ratio	0.03	0.03	0.03	0.01	0.01	0.01
Net Debt / Equity Ratio	-0.86	-0.86	-0.86	-0.74	-0.78	-0.84
Net Debt / EBITDA Ratio	5.96	5.13	3.40	4.92	6.84	14.16
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	2.09	1.87	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)	-8.96%	-14.40%	-38.88%	-13.41%	-12.90%	-10.26%
Return on Assets (ROA)	-13.10%	-14.18%	-19.77%	-14.03%	-10.82%	-7.31%
Return on Invested Capital (ROIC)	-73.98%	-80.26%	-87.27%	-56.66%	-51.41%	-38.82%
Return on Capital Employed (ROCE)	-14.32%	-15.64%	-21.46%	-14.94%	-11.48%	-7.72%
Buyback Yield / Dilution	-0.36%	-0.28%	-0.22%	7.04%	-8.80%	-18.84%
Total Shareholder Return	-0.36%	-0.28%	-0.22%	7.04%	-8.80%	-18.84%