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

DateRevenueChange
2023-12-31$104.25M24.40%
2022-12-31$83.80M-19.81%
2021-12-31$104.50M0.60%
2020-12-31$103.88M-2.30%
2019-12-31$106.33M10.09%
2018-12-31$96.59M-20.37%
2017-12-31$121.29M42.24%
2016-12-31$85.27M51.02%
2015-12-31$56.46M-17.84%
2014-12-31$68.72M12.20%
2013-12-31$61.25M40.19%
2012-12-31$43.69M-42.52%
2011-12-31$76.01M16.90%
2010-12-31$65.02M39.16%
2009-12-31$46.72M-21.58%
2008-12-31$59.58M-9.08%
2007-12-31$65.53M31.53%
2006-12-31$49.82M-7.28%
2005-12-31$53.73M-33.97%
2004-12-31$81.37M-31.94%
2003-12-31$119.57M31.48%
2002-12-31$90.94M49.73%
2001-12-31$60.73M121.66%
2000-12-31$27.40M19.71%
1999-12-31$22.89M41.28%
1998-12-31$16.20M-4.14%
1997-12-31$16.90M-10.11%
1996-12-31$18.80M22.08%
1995-12-31$15.40M12.41%
1994-12-31$13.70M26.26%
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

DateRevenueChange
2024-03-31$14.39M-69.66%
2023-12-31$47.42M71.95%
2023-09-30$27.57M80.13%
2023-06-30$15.31M14.71%
2023-03-31$13.35M-34.90%
2022-12-31$20.50M-3.95%
2022-09-30$21.34M1.96%
2022-06-30$20.93M-0.55%
2022-03-31$21.05M-42.66%
2021-12-31$36.70M45.54%
2021-09-30$25.22M1.04%
2021-06-30$24.96M41.67%
2021-03-31$17.62M-38.37%
2020-12-31$28.59M11.57%
2020-09-30$25.62M-0.75%
2020-06-30$25.82M7.46%
2020-03-31$24.03M-42.64%
2019-12-31$41.88M68.99%
2019-09-30$24.79M4.79%
2019-06-30$23.65M47.74%
2019-03-31$16.01M-43.79%
2018-12-31$28.48M32.00%
2018-09-30$21.57M-18.42%
2018-06-30$26.45M31.63%
2018-03-31$20.09M-50.09%
2017-12-31$40.26M26.38%
2017-09-30$31.85M20.11%
2017-06-30$26.52M17.06%
2017-03-31$22.66M-26.16%
2016-12-31$30.68M48.70%
2016-09-30$20.64M16.93%
2016-06-30$17.65M8.24%
2016-03-31$16.30M-18.42%
2015-12-31$19.99M24.62%
2015-09-30$16.04M43.48%
2015-06-30$11.18M20.66%
2015-03-31$9.26M-40.80%
2014-12-31$15.65M-24.08%
2014-09-30$20.61M11.59%
2014-06-30$18.47M32.01%
2014-03-31$13.99M-19.20%
2013-12-31$17.32M1.84%
2013-09-30$17.00M16.48%
2013-06-30$14.60M18.34%
2013-03-31$12.34M115.68%
2012-12-31$5.72M-59.59%
2012-09-30$14.15M37.79%
2012-06-30$10.27M-24.16%
2012-03-31$13.54M-35.49%
2011-12-31$21.00M1.91%
2011-09-30$20.60M7.80%
2011-06-30$19.11M24.92%
2011-03-31$15.30M-27.43%
2010-12-31$21.08M27.56%
2010-09-30$16.53M6.45%
2010-06-30$15.53M30.67%
2010-03-31$11.88M-28.06%
2009-12-31$16.52M82.56%
2009-09-30$9.05M-30.81%
2009-06-30$13.07M61.74%
2009-03-31$8.08M-57.23%
2008-12-31$18.90M53.85%
2008-09-30$12.29M-0.53%
2008-06-30$12.35M-23.01%
2008-03-31$16.04M-20.04%
2007-12-31$20.07M14.23%
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/ServiceDec 22Dec 21Dec 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

CountryDec 22Dec 21Dec 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


TickerCompanyLast Year RevenueLast Quarter Revenue
CMICummins$34.06B$8.46B
ETNEaton$23.20B$6.34B
PHParker-Hannifin$19.93B$4.90B
EMREmerson Electric$17.49B$4.38B
ITWIllinois Tool Works$16.11B$3.97B
DOVDover$8.44B$1.98B
FLSFlowserve$4.32B$357.07M
MIDDMiddleby$4.05B$942.81M
GNRCGenerac$4.02B$1.17B
IEXIDEX$3.27B$798.20M
ROKRockwell Automation$3.19B$2.13B
HIHillenbrand$3.18B$785.30M
CRCrane NXT$2.09B$597.20M
BLDPBallard Power Systems$104.25M$14.39M

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.