XSWX:BLDP's Gross Margin % is ranked worse than 87.18% of 3003
companies
in the Industrial Products industry
Industry Median: 26.79
vs XSWX:BLDP: 11.48
Ballard Power Systems had a gross margin of 14.22% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ballard Power Systems was 0.00% per year.
Ballard Power Systems (XSWX:BLDP) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Ballard Power Systems had a gross margin of 14.22% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Ballard Power Systems Gross Margin % Related Terms
Ballard Power Systems Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ballard Power Systems's Gross 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.
For the Electrical Equipment & Parts subindustry, Ballard Power Systems's Gross Margin %, along with its competitors' market caps and Gross 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 Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Ballard Power Systems (XSWX:BLDP) has a Gross Margin % of 14.22% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ballard Power Systems and its competitors. This is 15% below median its historical median of 16.81. According to the industry distribution chart, Ballard Power Systems ranks #2618 out of 3003 companies in the Industrial Products industry, placing it in the top 87.2%.
Is Ballard Power Systems' Gross Margin % too high?
Ballard Power Systems' current Gross Margin % of 14.22% is 15% below median its 10-year median of 16.81. The Industrial Products industry median Gross Margin % is 26.79. Ballard Power Systems' value of 14.22% is 46.9% below this industry median. Based on the distribution chart, Ballard Power Systems ranks #2618 out of 3003 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' Gross Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #2618 out of 3003 companies for Gross Margin %. This places Ballard Power Systems in the lower half of its industry. The industry median Gross Margin % is 26.79. Ballard Power Systems' value of 14.22% is 46.9% below this benchmark. While the company's 10-year median is 16.81 vs. the industry median of 26.79, Ballard Power Systems has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.79, based on 3,003 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ballard Power Systems's current Gross Margin % of 14.22% is 46.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Ballard Power Systems and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Gross Margin % is 14.22%, which is 15% below median its own 10-year median of 16.81. 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 Gross Margin % of 14.22%. 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 Gross Margin % is 14.22%, which is 15% below median its 10-year median of 16.81 and 46.9% below the Industrial Products industry median of 26.79. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Ballard Power Systems (XSWX:BLDP), the current Gross Margin % is 14.22% 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:
Gross Margin %: 14.22% (15% below median its 10-year median of 16.81)
GF Value™: CHF2.32 vs. price of CHF3.36 (44.8% above fair value)
Industry Position: 46.9% below the Industrial Products median (#2618 of 3003)
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 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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