# Ballard Power Systems Inc. (BLDP)

- Sector: Industrials · Industry: Electrical Equipment and Parts
- SEC CIK: 0001453015 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001453015))
- Full page: https://inspectstocks.com/stocks/bldp
- Data as of: price 2026-09-25; newest filing used 2026-07-31; latest fiscal period ended 2026-06-30

## Grade

**B-** on the growth-and-cash rubric, 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $103.4M | $58.1M |
| Revenue growing recently | passed | $103.4M | $99.4M |
| Free cash flow positive | failed | -$66M |  |
| Free cash flow growing overall | passed | -$66M | -$166.1M |
| Free cash flow growing recently | passed | -$66M | -$133.9M |

Business quality (the + / − mark): 1 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | failed | -87.9% |  |
| Healthy profit margin | failed | -87.9% |  |
| Strong operating margin | failed | -100.1% |  |
| Good return on equity | failed | -15.4% |  |
| Debt under control | passed | 0.04 |  |
| Turns sales into cash | failed | -63.8% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $103.4M |
| Net income, trailing twelve months | -$90.9M |
| Free cash flow, trailing twelve months | -$66M |
| Net margin | -87.9% |
| Operating margin | -100.1% |
| Return on equity | -15.4% |
| Debt to equity | 0.04 |
| Diluted EPS, trailing twelve months | -$0.30 |
| Share price | $2.13 |
| Market value | $640.7M |
| Price / sales | 6.2x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/bldp)
- [Financial statements](https://inspectstocks.com/stocks/bldp/financials)
- [Competitors](https://inspectstocks.com/stocks/bldp/peers)
- [Earnings](https://inspectstocks.com/stocks/bldp/earnings)

---

Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.