Ballard Power Systems

Ballard Power Systems FCF Conversion

The FCF Conversion Rate (FCF/EBITDA) of Ballard Power Systems (BLDP.TO) as of Nov 1, 2026 is 72.62 %. In the previous year, FCF Conversion Rate (FCF/EBITDA) was 41.86 % — a change of 73.50% (higher).

FCF Conversion

72.62 %

YoY

73.50%

Last updated:

FCF Conversion Rate (FCF/EBITDA) of Ballard Power Systems is 2025 72.62 % . FCF Conversion Rate (FCF/EBITDA) of Ballard Power Systems was 2024 41.86 % . It decreases by 73.50% higher compared to the previous year.

The Ballard Power Systems FCF Conversion history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

FCF Conversion
Date
FCF Conversion
Jan 1, 2018
152.04 USD
Jan 1, 2019
72.12 USD
Jan 1, 2020
112.80 USD
Jan 1, 2021
83.20 USD
Jan 1, 2022
96.07 USD
Jan 1, 2023
82.12 USD
Jan 1, 2024
41.86 USD
Jan 1, 2025
72.62 USD
The Ballard Power Systems FCF Conversion history
YEARFCF ConversionYoY
72.62 %+73.50%
41.86 %-49.03%
82.12 %-14.53%
96.07 %+15.47%
83.20 %-26.24%
112.80 %+56.40%
72.12 %-52.56%
152.04 %-24.52%
201.44 %+305.07%
49.73 %-90.11%
503.01 %+462.72%
89.39 %—

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Ballard Power Systems Stock analysis

What does Ballard Power Systems do? Ballard Power Systems Inc. is a Canadian company that focuses on the manufacturing and sale of fuel cells. The company was founded in 1979 by Geoffrey Ballard and is headquartered in Burnaby, British Columbia, Canada. Since its founding, the company has become one of the world's leading providers of fuel cell technology. Ballard Power Systems specializes in the development of fuel cells that can be used for electricity and heat generation. The fuel cells produced by Ballard Power Systems are environmentally friendly, efficient, and range from small mobile systems to large stationary systems. The company's products are used in various applications, from the telecommunications industry to transportation and power generation. Since its founding, the company has focused on developing fuel cells that are based on hydrogen. The fuel cell converts the fuel, in this case hydrogen, and oxygen into electricity and heat. This technology provides an alternative to conventional fuels such as diesel and gasoline, making it suitable for use in various applications. Ballard Power Systems has divided its business activities into three products: - Fuel cells for heavy-duty vehicles: This includes fuel cell systems for buses, trucks, and trains. Heavy-duty vehicles are typically large consumers of diesel and gasoline fuels. Through the use of hydrogen-based fuel cell technology, these vehicles can be operated in a much more environmentally friendly and efficient manner. - Fuel cell systems for ships: Ballard Power Systems is also specialized in the development of fuel cell systems for ships. Ships are also significant consumers of diesel and gasoline fuels. By using hydrogen-based fuel cell technology, ships can be operated in a much more environmentally friendly and efficient manner. - Fuel cells for aviation: Ballard Power Systems has also started developing fuel cell systems for aviation. Fuel cells can be used here to supply power to aircraft and drones. Ballard Power Systems has introduced a variety of products to the market in recent years, including the FCgen® HPS system, the FCveloCity® fuel cell system, and the FCmove™ train system. These products have helped establish the company as one of the world's leading providers of fuel cell systems. In summary, Ballard Power Systems Inc. plays a leading role in the development and manufacturing of hydrogen-based fuel cell systems. The company has introduced a variety of products to the market in recent years and has specialized in various applications in the areas of heavy-duty vehicles, ships, and aviation. Ballard Power Systems aims to improve the environmental friendliness and efficiency of vehicles and other applications through the use of fuel cell technology. Ballard Power Systems is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Ballard Power Systems stock

FCF Conversion Rate (FCF/EBITDA) of Ballard Power Systems is 72.62 % in 2025.

FCF Conversion Rate (FCF/EBITDA) of Ballard Power Systems changed from 41.86 % to 72.62 %, representing a 73.50% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of FCF Conversion Rate (FCF/EBITDA) Ballard Power Systems since 2006 – with annual values, charts, and detailed analysis.

FCF conversion measures how effectively EBITDA converts to free cash flow. Higher conversion indicates efficient capital allocation and low maintenance costs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare FCF Conversion Rate (FCF/EBITDA)'s Ballard Power Systems with sector peers and the industry average to assess whether it is attractive.

To evaluate FCF Conversion Rate (FCF/EBITDA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for FCF Conversion Rate (FCF/EBITDA).

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