Amprius Technologies vs Ballard Power Systems
Ballard Power Systems is the larger business, with $99.4m of revenue in fiscal 2025 against $73.0m for Amprius Technologies (1.4 times as much). Amprius Technologies grew faster (202.1% against 42.5%). Amprius Technologies kept more of each dollar of sales as profit: a net margin of -60.3% against -91.5%. Amprius Technologies carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Amprius TechnologiesAMPX, 2025 | Ballard Power SystemsBLDP, 2025 |
|---|---|---|
| Revenue | $73.0m | $99.4m |
| Revenue growth | 202.1% | 42.5% |
| Net income | −$44.0m | −$90.9m |
| Operating margin | -63.9% | -104.1% |
| Net margin | -60.3% | -91.5% |
| Return on equity | -50.8% | -14.4% |
| Free cash flow | −$35.5m | −$66.0m |
| Cash | $90.5m | $527m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $1.28bn | $468m |
| Price vs our value range | — | — |
| Moat score | 17 (Weak) | — |
| Insider trades, 12 months | 0 buys, 37 sales | 0 buys, 0 sales |