Ballard Power Systems (XSWX:BLDP) EBIT: CHF-63.51 Mil (TTM As of Mar. 2026)


XSWX:BLDP Ballard Power Systems Inc XSWX:BLDP
69 GF Score
Price CHF3.36
GF Value CHF2.32
! 3 Warning Signs
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What is Ballard Power Systems EBIT?

Ballard Power Systems XSWX:BLDP 69 EBIT is CHF-63.51 Mil as of Mar. 2026. GuruFocus rates XSWX:BLDP with a GF Score™ of 69/100 and a GF Value™ of CHF2.32. The stock has 3 warning signs investors should review.

Ballard Power Systems's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was CHF-8.62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was CHF-63.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ballard Power Systems's annualized ROC % for the quarter that ended in Mar. 2026 was -42.07%. Ballard Power Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -107.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ballard Power Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -12.75%.


Ballard Power Systems  (XSWX:BLDP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ballard Power Systems's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-41.152 * ( 1 - 0% )/( (101.318 + 94.339)/ 2 )
=-41.152/97.8285
=-42.07 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=543.795 - 19.121 - ( 423.356 - max(0, 48.606 - 479.282+423.356))
=101.318

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=522.055 - 17.641 - ( 410.075 - max(0, 42.955 - 459.691+410.075))
=94.339

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Ballard Power Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-34.488/( ( (25.656 + max(7.3, 0)) + (24.816 + max(6.656, 0)) )/ 2 )
=-34.488/( ( 32.956 + 31.472 )/ 2 )
=-34.488/32.214
=-107.06 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.548 + 34.88 + 1.759) - (19.121 + 6.7 + 20.066)
=7.3

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.415 + 34.482 + 2.006) - (17.641 + 5.654 + 16.952)
=6.656

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Ballard Power Systems's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-63.514/498.070
=-12.75 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ballard Power Systems EBIT Related Terms


Ballard Power Systems EBIT Historical Data

* Premium members only.

The historical data trend for Ballard Power Systems's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ballard Power Systems EBIT Chart

Ballard Power Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -104.37 -148.18 -123.62 -286.44 -70.89

Ballard Power Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.14 -19.32 -21.99 -13.59 -8.62

XSWX:BLDP vs VRT, BE: EBIT Comparison

For the Electrical Equipment & Parts subindustry, Ballard Power Systems's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ballard Power Systems EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ballard Power Systems's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ballard Power Systems's EV-to-EBIT falls into.


XSWX:BLDP
69GF Score
Ballard Power Systems Inc XSWX:BLDP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ballard Power Systems EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-63.51 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of CHF-63.51 Mil mean?
Ballard Power Systems (XSWX:BLDP) has a EBIT of CHF-63.51 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ballard Power Systems.
Is Ballard Power Systems' EBIT too high?
Ballard Power Systems' current EBIT is CHF-63.51 Mil. Overall, Ballard Power Systems has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' EBIT compare to VRT and BE?
Ballard Power Systems' EBIT of CHF-63.51 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ballard Power Systems. Ballard Power Systems's current EBIT is CHF-63.51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current EBIT of CHF-63.51 Mil. The stock's GF Value™ is CHF2.32, compared to a current price of CHF3.36 — trading 44.8% above its estimated fair value. The current EBIT is CHF-63.51 Mil. Ballard Power Systems' overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Ballard Power Systems (XSWX:BLDP), the current EBIT is CHF-63.51 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?

Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued. The current stock price of CHF3.36 is trading 44.8% above its estimated GF Value™ of CHF2.32.

Key valuation signals for XSWX:BLDP:

  • EBIT: CHF-63.51 Mil
  • GF Value™: CHF2.32 vs. price of CHF3.36 (44.8% above fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ballard Power Systems Business Description

Address 9000 Glenlyon Parkway, Legal Department, Burnaby, BC, CAN, V5J 5J8
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
69GF Score

Get the complete analysis for XSWX:BLDP

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF3.36
Price
CHF2.32
GF Value