Ballard Power Systems vs Fuelcell Energy: revenue, profit, margins and growth compared
Ballard Power Systems brought in $99.4M of revenue in fiscal 2025, Fuelcell Energy $158.2M in fiscal 2025. Revenue changed by +42.5% at Ballard Power Systems and +41.0% at Fuelcell Energy on the year before, so Ballard Power Systems grew faster. Ballard Power Systems kept -91.5% of its revenue as net profit, Fuelcell Energy -118.8%. Free cash flow was -$66M at Ballard Power Systems and -$143.9M at Fuelcell Energy.
Fiscal years as each company reports them; the two may end in different months.
Questions about Ballard Power Systems and Fuelcell Energy
Which is bigger by revenue, Ballard Power Systems or Fuelcell Energy?
Fuelcell Energy is bigger by revenue: $158.2M in fiscal 2025, against $99.4M for Ballard Power Systems in fiscal 2025.
Which keeps more of its revenue as profit, Ballard Power Systems or Fuelcell Energy?
Ballard Power Systems had a net margin of -91.5% in fiscal 2025; Fuelcell Energy had -118.8% in fiscal 2025.
Which grew revenue faster, Ballard Power Systems or Fuelcell Energy?
In their latest fiscal years revenue changed by +42.5% at Ballard Power Systems and +41.0% at Fuelcell Energy.
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.