Ballard Power Systems (XSWX:BLDP) FCF Margin %: -43.26% (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 FCF Margin %?

Ballard Power Systems XSWX:BLDP -3.72% 69 FCF Margin % is -43.26% 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. Among 3,036 Industrial Products companies, Ballard Power Systems ranks worse than 93.18% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Ballard Power Systems's Free Cash Flow for the three months ended in Mar. 2026 was CHF-6.61 Mil. Ballard Power Systems's Revenue for the three months ended in Mar. 2026 was CHF15.29 Mil. Therefore, Ballard Power Systems's FCF Margin % for the quarter that ended in Mar. 2026 was -43.26%.

As of today, Ballard Power Systems's current FCF Yield % is -4.14%.

The historical rank and industry rank for Ballard Power Systems's FCF Margin % or its related term are showing as below:

XSWX:BLDP' s FCF Margin % Range Over the Past 10 Years
Min: -203.58   Med: -60.25   Max: -12.65
Current: -46.4


During the past 13 years, the highest FCF Margin % of Ballard Power Systems was -12.65%. The lowest was -203.58%. And the median was -60.25%.

XSWX:BLDP's FCF Margin % is ranked worse than
93.18% of 3036 companies
in the Industrial Products industry
Industry Median: 1.565 vs XSWX:BLDP: -46.40


Ballard Power Systems FCF Margin % Related Terms


Ballard Power Systems FCF Margin % Historical Data

* Premium members only.

The historical data trend for Ballard Power Systems's FCF Margin % 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 FCF Margin % Chart

Ballard Power Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -91.07 -203.58 -142.56 -194.63 -66.77

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
FCF Margin % 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 -175.87 -127.09 -74.62 22.73 -43.26

XSWX:BLDP vs VRT, BE: FCF Margin % Comparison

For the Electrical Equipment & Parts subindustry, Ballard Power Systems's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ballard Power Systems's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Ballard Power Systems's FCF Margin % falls into.


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

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Ballard Power Systems's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-52.872/79.188
=-66.77 %

Ballard Power Systems's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-6.614/15.29
=-43.26 %

* 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 FCF Margin % →
What does a FCF Margin % of -43.26% mean?
Ballard Power Systems (XSWX:BLDP) has a FCF Margin % of -43.26% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ballard Power Systems and its competitors. According to the industry distribution chart, Ballard Power Systems ranks #2829 out of 3036 companies in the Industrial Products industry, placing it in the top 93.2%.
Is Ballard Power Systems' FCF Margin % too high?
Ballard Power Systems' current FCF Margin % is -43.26%. Based on the distribution chart, Ballard Power Systems ranks #2829 out of 3036 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. 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' FCF Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #2829 out of 3036 companies for FCF Margin %. This places Ballard Power Systems in the lower half of its industry. The industry median FCF Margin % is 1.57. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Industrial Products company?
The median FCF Margin % among Industrial Products companies is 1.57, based on 3,036 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ballard Power Systems and its competitors. For the Industrial Products industry, the median FCF Margin % is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current FCF Margin % is -43.26%. 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 FCF Margin % of -43.26%. 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 FCF Margin % is -43.26%. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Ballard Power Systems (XSWX:BLDP), the current FCF Margin % is -43.26% 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:

  • FCF Margin %: -43.26%
  • 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

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

CHF3.36
Price
CHF2.32
GF Value