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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and Ballard Power Systems Inc. (BLDP). Click either name above to swap in a different company.

AVINO SILVER & GOLD MINES LTD is the larger business by last-quarter revenue ($21.0M vs $17.7M, roughly 1.2× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 36.6%, a 957.8% gap on every dollar of revenue.

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

Ballard Power Systems Inc. is a developer and manufacturer of proton exchange membrane (PEM) fuel cell products for markets such as heavy-duty motive, portable power, material handling as well as engineering services. Ballard has designed and shipped over 400 MW of fuel cell products to date.

ASM vs BLDP — Head-to-Head

Bigger by revenue
ASM
ASM
1.2× larger
ASM
$21.0M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
957.8% more per $
BLDP
994.4%
36.6%
ASM

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ASM
ASM
BLDP
BLDP
Revenue
$21.0M
$17.7M
Net Profit
$7.7M
$176.5M
Gross Margin
47.1%
Operating Margin
Net Margin
36.6%
994.4%
Revenue YoY
44.0%
Net Profit YoY
558.9%
EPS (diluted)
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASM
ASM
BLDP
BLDP
Q3 25
$21.0M
$17.7M
Q2 25
$21.8M
Q1 25
$18.8M
Q3 24
$14.6M
$-12.3M
Q2 24
$14.8M
Q1 24
$12.4M
Q3 23
$12.3M
Q2 23
$9.2M
Net Profit
ASM
ASM
BLDP
BLDP
Q3 25
$7.7M
$176.5M
Q2 25
$2.9M
Q1 25
$5.6M
Q3 24
$1.2M
Q2 24
$1.2M
Q1 24
$599.0K
Q3 23
$-803.0K
Q2 23
$1.1M
Gross Margin
ASM
ASM
BLDP
BLDP
Q3 25
47.1%
Q2 25
46.9%
Q1 25
56.1%
Q3 24
39.1%
156.5%
Q2 24
31.8%
Q1 24
18.9%
Q3 23
19.2%
Q2 23
11.3%
Net Margin
ASM
ASM
BLDP
BLDP
Q3 25
36.6%
994.4%
Q2 25
13.1%
Q1 25
29.8%
Q3 24
8.0%
Q2 24
8.4%
Q1 24
4.8%
Q3 23
-6.5%
Q2 23
12.3%
EPS (diluted)
ASM
ASM
BLDP
BLDP
Q3 25
$0.05
Q2 25
$0.02
Q1 25
$0.04
Q3 24
$0.01
Q2 24
$0.01
Q1 24
$0.00
Q3 23
$-0.01
Q2 23
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASM
ASM
BLDP
BLDP
Cash + ST InvestmentsLiquidity on hand
$57.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
Total Assets
$221.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
BLDP
BLDP
Q3 25
$57.3M
Q2 25
$37.3M
Q1 25
$26.6M
Q3 24
$7.8M
Q2 24
$5.3M
Q1 24
$3.5M
Q3 23
$1.9M
Q2 23
$1.2M
Stockholders' Equity
ASM
ASM
BLDP
BLDP
Q3 25
$182.1M
Q2 25
$144.8M
Q1 25
$132.3M
Q3 24
$114.5M
Q2 24
$112.2M
Q1 24
$107.8M
Q3 23
$102.7M
Q2 23
$99.8M
Total Assets
ASM
ASM
BLDP
BLDP
Q3 25
$221.9M
Q2 25
$174.7M
Q1 25
$157.7M
Q3 24
$135.4M
Q2 24
$133.7M
Q1 24
$128.6M
Q3 23
$123.5M
Q2 23
$120.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASM
ASM
BLDP
BLDP
Operating Cash FlowLast quarter
$8.3M
$5.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.08×
0.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
BLDP
BLDP
Q3 25
$8.3M
$5.7M
Q2 25
$8.3M
Q1 25
$758.0K
Q3 24
$4.1M
$-6.6M
Q2 24
$1.1M
Q1 24
$2.3M
Q3 23
$-83.0K
Q2 23
$502.0K
Cash Conversion
ASM
ASM
BLDP
BLDP
Q3 25
1.08×
0.03×
Q2 25
2.92×
Q1 25
0.13×
Q3 24
3.55×
Q2 24
0.87×
Q1 24
3.92×
Q3 23
Q2 23
0.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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