Stocks Comparison
Ballard Power Systems vs Forgent Power Solutions: revenue, profit, margins and growth compared
Ballard Power Systems brought in $99.4M of revenue in fiscal 2025, Forgent Power Solutions $1.4B in fiscal 2026. Revenue changed by +42.5% at Ballard Power Systems and +88.5% at Forgent Power Solutions on the year before, so Forgent Power Solutions grew faster. Ballard Power Systems kept -91.5% of its revenue as net profit, Forgent Power Solutions 5.8%. Free cash flow was -$66M at Ballard Power Systems and -$6.8M at Forgent Power Solutions.
Side by side, latest fiscal year
| BLDP | FPS | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2026 (June 30, 2026) |
| Revenue | $99.4M | $1.4B |
| Revenue growth | +42.5% | +88.5% |
| Net income | -$90.9M | $81.8M |
| Net margin | -91.5% | 5.8% |
| Free cash flow | -$66M | -$6.8M |
| Free cash flow margin | -66.4% | -0.5% |
| Earnings per share (diluted) | -$0.30 | n/a |
| Cash | $527.1M | $97.5M |
| Debt | n/a | $582.2M |
| Price to earnings | n/a | n/a |
| Market value | $642.2M | $11.9B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #116 of 129 · Energy | #68 of 129 · Energy |
Over the years
Questions about Ballard Power Systems and Forgent Power Solutions
Which is bigger by revenue, Ballard Power Systems or Forgent Power Solutions?
Forgent Power Solutions is bigger by revenue: $1.4B in fiscal 2026, against $99.4M for Ballard Power Systems in fiscal 2025.
Which keeps more of its revenue as profit, Ballard Power Systems or Forgent Power Solutions?
Ballard Power Systems had a net margin of -91.5% in fiscal 2025; Forgent Power Solutions had 5.8% in fiscal 2026.
Which grew revenue faster, Ballard Power Systems or Forgent Power Solutions?
In their latest fiscal years revenue changed by +42.5% at Ballard Power Systems and +88.5% at Forgent Power Solutions.
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.