Ballard Power Systems vs Tigo Energy
Ballard Power Systems and Tigo Energy are similar in size: $99.4m and $104m of revenue in their latest fiscal years. Tigo Energy grew faster (91.7% against 42.5%). Tigo Energy kept more of each dollar of sales as profit: a net margin of -1.8% against -91.5%. Ballard Power Systems carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Ballard Power SystemsBLDP, 2025 | Tigo EnergyTYGO, 2025 |
|---|---|---|
| Revenue | $99.4m | $104m |
| Revenue growth | 42.5% | 91.7% |
| Net income | −$90.9m | −$1.9m |
| Operating margin | -104.1% | -4.3% |
| Net margin | -91.5% | -1.8% |
| Return on equity | -14.4% | -10.4% |
| Free cash flow | −$66.0m | $9.7m |
| Cash | $527m | $7.7m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 138 |
| Market value | $468m | $68.5m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 9 sales |