Ballard Power Systems Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ballard Power Systems Inc (BLDP) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Ballard Power Systems Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 98M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
- Scale: Ballard Power Systems Inc ranks #69 of 143 companies by market capitalization in the Industrial Machinery and Components industry, holding 0.0% of industry market cap.
- Peer revenue share: Ballard Power Systems Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BLDP Sales vs. its Competitors, Q4 2025
Ballard Power Systems Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Industrial Machinery and Components industry grew revenue 12.4% year over year, combined, vs 42.7% for Ballard Power Systems Inc. Ballard Power Systems Inc's share of combined industry revenue moved from 0.06% to 0.07%, a gain of 0.02 percentage points.
Ballard Power Systems Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ballard Power Systems Inc | No | Yes | Yes | No |
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BLDP Stock Performance relative to its Competitors
BLDP Stock Performance relative to High-Confidence Competitors
BLDP Stock Performance relative to Similar-Size Competitors
Ballard Power Systems Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Hyzon Motors Inc | Named by the company | 85% |
| Electrovaya Inc | Named by the company | 85% |
| Fuelcell Energy inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Ballard Power Systems Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.