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Side-by-side financial comparison of Autolus Therapeutics plc (AUTL) and Ballard Power Systems Inc. (BLDP). Click either name above to swap in a different company.

Autolus Therapeutics plc is the larger business by last-quarter revenue ($21.2M vs $17.7M, roughly 1.2× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs -373.3%, a 1367.7% gap on every dollar of revenue.

Autolus Therapeutics plc is a clinical-stage biopharmaceutical company specializing in the development of next-generation engineered chimeric antigen receptor T-cell (CAR-T) therapies for the treatment of hematological malignancies and solid tumors. It operates in the global oncology biotech market, advancing a pipeline of targeted immunotherapy candidates across multiple clinical development stages.

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.

AUTL vs BLDP — Head-to-Head

Bigger by revenue
AUTL
AUTL
1.2× larger
AUTL
$21.2M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
1367.7% more per $
BLDP
994.4%
-373.3%
AUTL

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AUTL
AUTL
BLDP
BLDP
Revenue
$21.2M
$17.7M
Net Profit
$-79.1M
$176.5M
Gross Margin
Operating Margin
-337.9%
Net Margin
-373.3%
994.4%
Revenue YoY
Net Profit YoY
3.6%
EPS (diluted)
$-0.30

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
AUTL
AUTL
BLDP
BLDP
Q3 25
$21.2M
$17.7M
Q2 25
$20.9M
Q1 25
$9.0M
Q3 24
$0
$-12.3M
Q2 24
$0
Q1 24
$10.1M
Q1 22
$3.4M
Net Profit
AUTL
AUTL
BLDP
BLDP
Q3 25
$-79.1M
$176.5M
Q2 25
$-47.9M
Q1 25
$-70.2M
Q3 24
$-82.1M
Q2 24
$-58.3M
Q1 24
$-52.7M
Q1 22
$-22.6M
Gross Margin
AUTL
AUTL
BLDP
BLDP
Q3 25
Q2 25
Q1 25
Q3 24
156.5%
Q2 24
Q1 24
Q1 22
Operating Margin
AUTL
AUTL
BLDP
BLDP
Q3 25
-337.9%
Q2 25
-292.6%
Q1 25
-726.3%
Q3 24
Q2 24
Q1 24
-384.1%
Q1 22
Net Margin
AUTL
AUTL
BLDP
BLDP
Q3 25
-373.3%
994.4%
Q2 25
-229.0%
Q1 25
-781.1%
Q3 24
Q2 24
Q1 24
-522.1%
Q1 22
-659.1%
EPS (diluted)
AUTL
AUTL
BLDP
BLDP
Q3 25
$-0.30
Q2 25
$-0.18
Q1 25
$-0.26
Q3 24
$-0.31
Q2 24
$-0.22
Q1 24
$-0.24
Q1 22

Balance Sheet & Financial Strength

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

Metric
AUTL
AUTL
BLDP
BLDP
Cash + ST InvestmentsLiquidity on hand
$86.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$265.5M
Total Assets
$661.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AUTL
AUTL
BLDP
BLDP
Q3 25
$86.1M
Q2 25
$123.8M
Q1 25
$95.8M
Q3 24
$657.1M
Q2 24
$705.9M
Q1 24
$758.5M
Q1 22
Stockholders' Equity
AUTL
AUTL
BLDP
BLDP
Q3 25
$265.5M
Q2 25
$346.5M
Q1 25
$371.1M
Q3 24
$477.0M
Q2 24
$527.8M
Q1 24
$582.0M
Q1 22
Total Assets
AUTL
AUTL
BLDP
BLDP
Q3 25
$661.9M
Q2 25
$721.0M
Q1 25
$746.3M
Q3 24
$827.5M
Q2 24
$853.6M
Q1 24
$901.4M
Q1 22

Cash Flow & Capital Efficiency

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

Metric
AUTL
AUTL
BLDP
BLDP
Operating Cash FlowLast quarter
$-67.9M
$5.7M
Free Cash FlowOCF − Capex
$-72.3M
FCF MarginFCF / Revenue
-341.2%
Capex IntensityCapex / Revenue
20.8%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$-322.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AUTL
AUTL
BLDP
BLDP
Q3 25
$-67.9M
$5.7M
Q2 25
$-72.8M
Q1 25
$-75.6M
Q3 24
$-76.7M
$-6.6M
Q2 24
$-51.1M
Q1 24
$-40.5M
Q1 22
$-26.0K
Free Cash Flow
AUTL
AUTL
BLDP
BLDP
Q3 25
$-72.3M
Q2 25
$-80.1M
Q1 25
$-83.8M
Q3 24
$-86.3M
Q2 24
$-51.9M
Q1 24
$-41.0M
Q1 22
FCF Margin
AUTL
AUTL
BLDP
BLDP
Q3 25
-341.2%
Q2 25
-382.6%
Q1 25
-933.1%
Q3 24
Q2 24
Q1 24
-406.8%
Q1 22
Capex Intensity
AUTL
AUTL
BLDP
BLDP
Q3 25
20.8%
Q2 25
34.8%
Q1 25
91.8%
Q3 24
Q2 24
Q1 24
5.3%
Q1 22
Cash Conversion
AUTL
AUTL
BLDP
BLDP
Q3 25
0.03×
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q1 22

Financial Flow Comparison

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

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