vs

Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Cherry Hill Mortgage Investment Corp (CHMI). Click either name above to swap in a different company.

Ballard Power Systems Inc. is the larger business by last-quarter revenue ($17.7M vs $11.8M, roughly 1.5× Cherry Hill Mortgage Investment Corp).

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.

Cherry Hill Mortgage Investment Corp is a U.S.-headquartered real estate finance firm focused on acquiring, investing in and managing residential mortgage-related assets. Its core holdings include agency mortgage-backed securities, residential loans and mortgage servicing rights, operating primarily in the U.S. domestic housing finance market.

BLDP vs CHMI — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.5× larger
BLDP
$17.7M
$11.8M
CHMI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
CHMI
CHMI
Revenue
$17.7M
$11.8M
Net Profit
$176.5M
Gross Margin
78.9%
Operating Margin
72.1%
Net Margin
994.4%
Revenue YoY
-37.2%
Net Profit YoY
EPS (diluted)
$0.18

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
BLDP
BLDP
CHMI
CHMI
Q4 25
$11.8M
Q3 25
$17.7M
$8.6M
Q2 25
$6.0M
Q1 25
$-3.0M
Q4 24
$18.7M
Q3 24
$-12.3M
$-7.1M
Q2 24
$6.6M
Q1 24
$16.3M
Net Profit
BLDP
BLDP
CHMI
CHMI
Q4 25
Q3 25
$176.5M
$4.5M
Q2 25
$1.6M
Q1 25
$-7.0M
Q4 24
Q3 24
$-12.4M
Q2 24
$784.0K
Q1 24
$12.1M
Gross Margin
BLDP
BLDP
CHMI
CHMI
Q4 25
78.9%
Q3 25
73.2%
Q2 25
67.7%
Q1 25
183.4%
Q4 24
83.3%
Q3 24
156.5%
145.3%
Q2 24
47.5%
Q1 24
83.9%
Operating Margin
BLDP
BLDP
CHMI
CHMI
Q4 25
72.1%
Q3 25
56.0%
Q2 25
44.4%
Q1 25
223.6%
Q4 24
76.2%
Q3 24
171.8%
Q2 24
22.0%
Q1 24
78.0%
Net Margin
BLDP
BLDP
CHMI
CHMI
Q4 25
Q3 25
994.4%
52.7%
Q2 25
25.9%
Q1 25
229.2%
Q4 24
Q3 24
175.8%
Q2 24
11.9%
Q1 24
73.7%
EPS (diluted)
BLDP
BLDP
CHMI
CHMI
Q4 25
$0.18
Q3 25
$0.05
Q2 25
$-0.03
Q1 25
$-0.29
Q4 24
$0.30
Q3 24
$-0.49
Q2 24
$-0.06
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
CHMI
CHMI
Cash + ST InvestmentsLiquidity on hand
$54.9M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$236.0M
Total Assets
$1.5B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
CHMI
CHMI
Q4 25
$54.9M
Q3 25
$55.4M
Q2 25
$58.0M
Q1 25
$47.3M
Q4 24
$46.3M
Q3 24
$50.2M
Q2 24
$52.4M
Q1 24
$47.5M
Total Debt
BLDP
BLDP
CHMI
CHMI
Q4 25
$146.3M
Q3 25
$148.0M
Q2 25
$150.1M
Q1 25
$150.1M
Q4 24
$152.1M
Q3 24
$151.8M
Q2 24
$160.5M
Q1 24
$167.5M
Stockholders' Equity
BLDP
BLDP
CHMI
CHMI
Q4 25
$236.0M
Q3 25
$233.1M
Q2 25
$229.9M
Q1 25
$226.6M
Q4 24
$230.3M
Q3 24
$236.7M
Q2 24
$234.5M
Q1 24
$247.0M
Total Assets
BLDP
BLDP
CHMI
CHMI
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$1.4B
Q1 24
$1.4B
Debt / Equity
BLDP
BLDP
CHMI
CHMI
Q4 25
0.62×
Q3 25
0.63×
Q2 25
0.65×
Q1 25
0.66×
Q4 24
0.66×
Q3 24
0.64×
Q2 24
0.68×
Q1 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
BLDP
BLDP
CHMI
CHMI
Operating Cash FlowLast quarter
$5.7M
$19.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
CHMI
CHMI
Q4 25
$19.1M
Q3 25
$5.7M
$-2.4M
Q2 25
$12.5M
Q1 25
$682.0K
Q4 24
$-4.7M
Q3 24
$-6.6M
$4.4M
Q2 24
$4.1M
Q1 24
$-19.1M
Cash Conversion
BLDP
BLDP
CHMI
CHMI
Q4 25
Q3 25
0.03×
-0.53×
Q2 25
7.98×
Q1 25
Q4 24
Q3 24
Q2 24
5.18×
Q1 24
-1.58×

Financial Flow Comparison

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

Related Comparisons