Stocks Comparison
Bloom Energy vs Ballard Power Systems: revenue, profit, margins and growth compared
Bloom Energy brought in $2B of revenue in fiscal 2025, Ballard Power Systems $99.4M in fiscal 2025. Revenue changed by +37.3% at Bloom Energy and +42.5% at Ballard Power Systems on the year before, so Ballard Power Systems grew faster. Bloom Energy kept -4.3% of its revenue as net profit, Ballard Power Systems -91.5%. Free cash flow was $57.2M at Bloom Energy and -$66M at Ballard Power Systems.
Side by side, latest fiscal year
| BE | BLDP | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $2B | $99.4M |
| Revenue growth | +37.3% | +42.5% |
| Net income | -$87.1M | -$90.9M |
| Net margin | -4.3% | -91.5% |
| Free cash flow | $57.2M | -$66M |
| Free cash flow margin | 2.8% | -66.4% |
| Earnings per share (diluted) | -$0.37 | -$0.30 |
| Cash | $2.5B | $527.1M |
| Debt | $2.6B | n/a |
| Price to earnings | n/a | n/a |
| Market value | $85B | $642.2M |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #57 of 129 · Energy | #116 of 129 · Energy |
Over the years
Questions about Bloom Energy and Ballard Power Systems
Which is bigger by revenue, Bloom Energy or Ballard Power Systems?
Bloom Energy is bigger by revenue: $2B in fiscal 2025, against $99.4M for Ballard Power Systems in fiscal 2025.
Which keeps more of its revenue as profit, Bloom Energy or Ballard Power Systems?
Bloom Energy had a net margin of -4.3% in fiscal 2025; Ballard Power Systems had -91.5% in fiscal 2025.
Which grew revenue faster, Bloom Energy or Ballard Power Systems?
In their latest fiscal years revenue changed by +37.3% at Bloom Energy and +42.5% at Ballard Power Systems.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.