Ballard Power Systems Inc. has grown revenue 6.7% a year over three years and −0.88% a year over five. Revenue growth, 3-year annual rate: +6.7% (Electrical Equipment & Parts median +14%). Revenue growth, 5-year rate: −0.88%, growth has picked up over the last three years. Years of annual history on file: 10, FY2016 to FY2025, as filed.

BLDPBallard Power Systems Inc.

Industrials

$1.91-30% 1Y

$1.91

$1.9152 weeks$6.38

Latest close: a new 52-week lowOct 9, 2026what changed →

Is it growing?

Mixed

Neither accelerating nor breaking down: revenue growing +43% year on year, but operating margin narrowing (−19.8 points).

1 good, 1 to watch, 1 without data

Revenue trend+43% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: −1% a year.

Margin direction−19.8 points operating

Trailing-twelve-month operating margin, -104.1% now against -84.3% a year earlier.

All from SEC EDGAR, as of Dec 31, 2025.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is BLDP growing?

Ballard Power Systems Inc. has grown revenue 6.7% a year over three years and −0.88% a year over five.

+6.7%

Revenue growth, 3-year annual rate · Electrical Equipment & Parts median +14% · steady growth, ahead of inflation · compounded from fiscal years as filed

Revenue growth, 5-year rate: −0.88%
Revenue growth, 5-year rate · +6.7% over three · growth has picked up over the last three years
Years of annual history on file: 10
Years of annual history on file · FY2016 to FY2025, as filed

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