Ballard Power Systems vs FTC Solar
Ballard Power Systems and FTC Solar are similar in size: $99.4m and $99.7m of revenue in their latest fiscal years. FTC Solar grew faster (110.5% against 42.5%). FTC Solar kept more of each dollar of sales as profit: a net margin of -79.8% against -91.5%.
| Latest fiscal year | Ballard Power SystemsBLDP, 2025 | FTC SolarFTCI, 2025 |
|---|---|---|
| Revenue | $99.4m | $99.7m |
| Revenue growth | 42.5% | 110.5% |
| Net income | −$90.9m | −$79.6m |
| Operating margin | -104.1% | — |
| Net margin | -91.5% | -79.8% |
| Return on equity | -14.4% | — |
| Free cash flow | −$66.0m | −$34.6m |
| Cash | $527m | $21.1m |
| Total debt | $0 | $55.2m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $451m | $24.7m |
| Price vs our value range | — | — |
| Moat score | — | 12 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 9 buys, 5 sales |