Ballard Power Systems (BLDP) Revenue & Revenue Breakdown

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Ballard Power Systems Revenue Highlights

Latest Revenue (Y)

$104.25M

Latest Revenue (Q)

$14.39M

Main Segment (Y)

Heavy Duty Motive

Main Geography (Y)

UNITED STATES

Ballard Power Systems Revenue by Period

Ballard Power Systems Revenue by Year

Date	Revenue	Change
2023-12-31	$104.25M	24.40%
2022-12-31	$83.80M	-19.81%
2021-12-31	$104.50M	0.60%
2020-12-31	$103.88M	-2.30%
2019-12-31	$106.33M	10.09%
2018-12-31	$96.59M	-20.37%
2017-12-31	$121.29M	42.24%
2016-12-31	$85.27M	51.02%
2015-12-31	$56.46M	-17.84%
2014-12-31	$68.72M	12.20%
2013-12-31	$61.25M	40.19%
2012-12-31	$43.69M	-42.52%
2011-12-31	$76.01M	16.90%
2010-12-31	$65.02M	39.16%
2009-12-31	$46.72M	-21.58%
2008-12-31	$59.58M	-9.08%
2007-12-31	$65.53M	31.53%
2006-12-31	$49.82M	-7.28%
2005-12-31	$53.73M	-33.97%
2004-12-31	$81.37M	-31.94%
2003-12-31	$119.57M	31.48%
2002-12-31	$90.94M	49.73%
2001-12-31	$60.73M	121.66%
2000-12-31	$27.40M	19.71%
1999-12-31	$22.89M	41.28%
1998-12-31	$16.20M	-4.14%
1997-12-31	$16.90M	-10.11%
1996-12-31	$18.80M	22.08%
1995-12-31	$15.40M	12.41%
1994-12-31	$13.70M	26.26%
1993-12-31	$10.85M	-

Ballard Power Systems generated $104.25M in revenue during NA 2023, up 24.40% compared to the previous quarter, and up 107.93% compared to the same period a year ago.

Ballard Power Systems Revenue by Quarter

Date	Revenue	Change
2024-03-31	$14.39M	-69.66%
2023-12-31	$47.42M	71.95%
2023-09-30	$27.57M	80.13%
2023-06-30	$15.31M	14.71%
2023-03-31	$13.35M	-34.90%
2022-12-31	$20.50M	-3.95%
2022-09-30	$21.34M	1.96%
2022-06-30	$20.93M	-0.55%
2022-03-31	$21.05M	-42.66%
2021-12-31	$36.70M	45.54%
2021-09-30	$25.22M	1.04%
2021-06-30	$24.96M	41.67%
2021-03-31	$17.62M	-38.37%
2020-12-31	$28.59M	11.57%
2020-09-30	$25.62M	-0.75%
2020-06-30	$25.82M	7.46%
2020-03-31	$24.03M	-42.64%
2019-12-31	$41.88M	68.99%
2019-09-30	$24.79M	4.79%
2019-06-30	$23.65M	47.74%
2019-03-31	$16.01M	-43.79%
2018-12-31	$28.48M	32.00%
2018-09-30	$21.57M	-18.42%
2018-06-30	$26.45M	31.63%
2018-03-31	$20.09M	-50.09%
2017-12-31	$40.26M	26.38%
2017-09-30	$31.85M	20.11%
2017-06-30	$26.52M	17.06%
2017-03-31	$22.66M	-26.16%
2016-12-31	$30.68M	48.70%
2016-09-30	$20.64M	16.93%
2016-06-30	$17.65M	8.24%
2016-03-31	$16.30M	-18.42%
2015-12-31	$19.99M	24.62%
2015-09-30	$16.04M	43.48%
2015-06-30	$11.18M	20.66%
2015-03-31	$9.26M	-40.80%
2014-12-31	$15.65M	-24.08%
2014-09-30	$20.61M	11.59%
2014-06-30	$18.47M	32.01%
2014-03-31	$13.99M	-19.20%
2013-12-31	$17.32M	1.84%
2013-09-30	$17.00M	16.48%
2013-06-30	$14.60M	18.34%
2013-03-31	$12.34M	115.68%
2012-12-31	$5.72M	-59.59%
2012-09-30	$14.15M	37.79%
2012-06-30	$10.27M	-24.16%
2012-03-31	$13.54M	-35.49%
2011-12-31	$21.00M	1.91%
2011-09-30	$20.60M	7.80%
2011-06-30	$19.11M	24.92%
2011-03-31	$15.30M	-27.43%
2010-12-31	$21.08M	27.56%
2010-09-30	$16.53M	6.45%
2010-06-30	$15.53M	30.67%
2010-03-31	$11.88M	-28.06%
2009-12-31	$16.52M	82.56%
2009-09-30	$9.05M	-30.81%
2009-06-30	$13.07M	61.74%
2009-03-31	$8.08M	-57.23%
2008-12-31	$18.90M	53.85%
2008-09-30	$12.29M	-0.53%
2008-06-30	$12.35M	-23.01%
2008-03-31	$16.04M	-20.04%
2007-12-31	$20.07M	14.23%
2007-09-30	$17.57M	-

Ballard Power Systems generated $14.39M in revenue during Q1 2024, up -69.66% compared to the previous quarter, and up 70.18% compared to the same period a year ago.

Ballard Power Systems Revenue Breakdown

Ballard Power Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 22	Dec 21	Dec 18
Heavy Duty Motive	$38.91M	$51.66M	$39.46M
Material Handling	$6.35M	$8.14M	$8.01M
Technology Solutions	$27.60M	$36.49M	$39.58M
Back Up Power	-	$8.21M	$2.43M
Portable Power	-	-	$7.11M

Ballard Power Systems's latest annual revenue breakdown by segment (product or service), as of Dec 22: Heavy Duty Motive (53.40%), Technology Solutions (37.88%), and Material Handling (8.72%).

Ballard Power Systems Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 18
FRANCE	$6.90M	$1.83M	$276.00K
DENMARK	$2.53M	$3.03M	$1.89M
SPAIN	$763.00K	$926.00K	$168.00K
POLAND	$1.77M	$541.00K	$213.00K
INDIA	$656.00K	$439.00K	-
Other Countries	$976.00K	$417.00K	$266.00K
NORWAY	$591.00K	$2.52M	$187.00K
JAPAN	$541.00K	$954.00K	$3.90M
AUSTRALIA	$3.71M	-	-
BELGIUM	$3.43M	$2.12M	$3.53M
CANADA	$4.52M	$3.06M	$366.00K
GERMANY	$13.69M	$22.06M	$28.68M
CHINA	$9.13M	$38.82M	$30.79M
TAIWAN	$640.00K	-	-
UNITED STATES	$24.05M	$17.54M	$23.50M
SWEDEN	-	$129.00K	-
TAIWAN, PROVINCE OF CHINA	-	$912.00K	$287.00K
UKRAINE	-	$244.00K	-
NETHERLANDS	-	-	$892.00K

Ballard Power Systems's latest annual revenue breakdown by geography, as of Dec 22: UNITED STATES (32.55%), GERMANY (18.52%), CHINA (12.35%), FRANCE (9.34%), CANADA (6.12%), AUSTRALIA (5.02%), BELGIUM (4.64%), DENMARK (3.42%), POLAND (2.39%), Other Countries (1.32%), SPAIN (1.03%), INDIA (0.89%), TAIWAN (0.87%), NORWAY (0.80%), and JAPAN (0.73%).

Ballard Power Systems Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CMI	Cummins	$34.06B	$8.46B
ETN	Eaton	$23.20B	$6.34B
PH	Parker-Hannifin	$19.93B	$4.90B
EMR	Emerson Electric	$17.49B	$4.38B
ITW	Illinois Tool Works	$16.11B	$3.97B
DOV	Dover	$8.44B	$1.98B
FLS	Flowserve	$4.32B	$357.07M
MIDD	Middleby	$4.05B	$942.81M
GNRC	Generac	$4.02B	$1.17B
IEX	IDEX	$3.27B	$798.20M
ROK	Rockwell Automation	$3.19B	$2.13B
HI	Hillenbrand	$2.83B	$785.30M
CR	Crane NXT	$1.39B	$597.20M
BLDP	Ballard Power Systems	$104.25M	$14.39M
CGRN	Capstone Green Energy	$69.64M	$19.61M

BLDP Revenue FAQ

What is Ballard Power Systems’s yearly revenue?

Ballard Power Systems's yearly revenue for 2023 was $104.25M, representing an increase of 24.40% compared to 2022. The company's yearly revenue for 2022 was $83.8M, representing a decrease of -19.81% compared to 2021. BLDP's yearly revenue for 2021 was $104.5M, representing an increase of 0.60% compared to 2020.

What is Ballard Power Systems’s quarterly revenue?

Ballard Power Systems's quarterly revenue for Q1 2024 was $14.39M, a -69.66% decrease from the previous quarter (Q4 2023), and a 7.81% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $47.42M, a 71.95% increase from the previous quarter (Q3 2023), and a 131.29% increase year-over-year (Q4 2022). BLDP's quarterly revenue for Q3 2023 was $27.58M, a 80.13% increase from the previous quarter (Q2 2023), and a 29.20% increase year-over-year (Q3 2022).

What is Ballard Power Systems’s revenue growth rate?

Ballard Power Systems's revenue growth rate for the last 3 years (2021-2023) was -0.25%, and for the last 5 years (2019-2023) was -1.96%.

What are Ballard Power Systems’s revenue streams?

Ballard Power Systems's revenue streams in c 22 are Heavy Duty Motive, Material Handling, and Technology Solutions. Heavy Duty Motive generated $38.91M in revenue, accounting 53.40% of the company's total revenue, down -24.68% year-over-year. Material Handling generated $6.35M in revenue, accounting 8.72% of the company's total revenue, down -21.95% year-over-year. Technology Solutions generated $27.6M in revenue, accounting 37.88% of the company's total revenue, down -24.35% year-over-year.

What is Ballard Power Systems’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Ballard Power Systems was Heavy Duty Motive. This segment made a revenue of $38.91M, representing 53.40% of the company's total revenue.