BLDPBallard Power Systems Inc.
Is the business good?
Margins steady. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Margins have held roughly steady, a stable cost structure.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BLDP?
Ballard Power Systems Inc. spent more than it took in: an operating loss of $103M on $99M of revenue, fiscal year to FY2025.
Operating loss · on $99M of revenue · fiscal year to FY2025
- Share count, year on year
- +0.28%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 59%
R&D as % of revenue
- Gross margin
- 5.5%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −38% |
| FY2021 | −84% |
| FY2022 | −178% |
| FY2023 | −159% |
| FY2024 | −263% |
| FY2025 | −104% |
Details›
- Gross marginfiscal year to FY2025
- 5.5%
- Operating marginfiscal year to FY2025
- −104%
- Net marginfiscal year to FY2025
- −91%
- Free cash flow margin
- −66%
- R&D as % of revenue
- 59%
- Revenue, trailing twelve months
- $99M
- Free cash flow, trailing twelve months
- −$66M
- Net income, trailing twelve months
- −$91M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Electrical Equipment & Parts
Ranks #14 of 18 by RyuScore