Ballard Power Systems Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Ballard Power Systems Inc.'s yearly results (2022–2025), compared with Industrials companies in Canada. Tap ? on any ratio for what it means.
What stands out
- Growth Efficiency Ratio: Sales grew 21% in 3 years; of every extra $100 of sales, $472 became extra profit. Higher than 98% of Industrials companies in Canada.
- Debt Due Cover Ratio: Operating cash was negative last year, while some debt falls due within a year. Lower than 97% of Industrials companies in Canada.
- Cash Locked Ratio: For every $100 of sales, $44 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $89 tied up three years earlier. More money tied up than 96% of Industrials companies in Canada.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
-3.4×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 88% of Industrials companies in Canada.
Cash Locked Ratio
$44For every $100 of sales, $44 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $89 tied up three years earlier.
More money tied up than 96% of Industrials companies in Canada.
Growth quality
Steadiness Ratio
2/3 · 1/3Sales grew in 2 of the last 3 years; profit grew in 1 of 3.
Less steady than 70% of Industrials companies in Canada.
Growth Efficiency Ratio
$472Sales grew 21% in 3 years; of every extra $100 of sales, $472 became extra profit.
Higher than 98% of Industrials companies in Canada.
Asset Productivity Ratio
+21% / -45%In 3 years sales changed by +21% while total assets changed by -45%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
-16.5×Operating cash was negative last year, while some debt falls due within a year.
Lower than 97% of Industrials companies in Canada.
Cash Cushion Ratio
—Data incomplete
Tangible Assets Ratio
100%Of every $100 the company owns, $100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 94% of Industrials companies in Canada.
Tangible Net Worth Ratio
100%Of every $100 of net worth, $100 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 94% of Industrials companies in Canada.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (12)
Ballard Power Systems Inc. made a loss over the last year. Ballard Power Systems Inc. owes $0.13 for every $1 it owns. Ballard Power Systems Inc. made a loss in each of the last two years.
Compared with Industrials companies in Canada · latest annual results Dec 2025.
P/E ratio
LossBallard Power Systems Inc. made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
1.01The share price is 1.01 times Ballard Power Systems Inc.'s book value per share, lower than 86% of Industrials companies in Canada.
Market cap
C$797 MThe total market value of all of Ballard Power Systems Inc.'s shares at today's price (share price × number of shares), larger than 67% of Industrials companies in Canada. PosiCap size class: Mini Cap.
Net worth (book value)
$560 MWhat Ballard Power Systems Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Return on equity (ROE)
-12.9%Ballard Power Systems Inc. lost 12.9% of its shareholders' money over the last year, lower than 73% of Industrials companies in Canada.
Owes vs Owns
0.13×Ballard Power Systems Inc. owes $0.13 for every $1 it owns (low), lower than almost all Industrials companies in Canada.
Dividend yield
NoneBallard Power Systems Inc. does not currently pay a dividend.
Revenue growth
+43%Revenue rose 43% in the year to Dec 2025, and grew 7% a year on average over 3 years.
Profit growth
LossBallard Power Systems Inc. made a loss in each of the last two years.
Profit margin
-91.5%Ballard Power Systems Inc. lost $91 for every $100 of revenue.
Interest cover
Not coveredBallard Power Systems Inc.'s operating profit did not cover its interest costs in the year to Dec 2025.
Cash vs debt
Net cashBallard Power Systems Inc. held $509 M more cash than debt (net cash) at Dec 2025.
Questions
What is Ballard Power Systems Inc.'s return on equity?
Ballard Power Systems Inc. lost 12.9% of its shareholders' money over the last year, lower than 73% of Industrials companies in Canada.
How much does Ballard Power Systems Inc. owe compared with what it owns?
Ballard Power Systems Inc. owes $0.13 for every $1 it owns (low), lower than almost all Industrials companies in Canada.
Does Ballard Power Systems Inc. pay a dividend?
No. Ballard Power Systems Inc. does not currently pay a dividend.
Is Ballard Power Systems Inc.'s revenue growing?
Revenue rose 43% in the year to Dec 2025, and grew 7% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.