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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Dolphin Entertainment, Inc. (DLPN). 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 $15.6M, roughly 1.1× Dolphin Entertainment, Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 6.5%, a 987.9% gap on every dollar of revenue.

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.

Dolphin Entertainment, Inc. is an American entertainment marketing and production company based in Coral Gables, Florida. Founded in 1996 by Bill O'Dowd, the company produces television series and films aimed primarily at children and young adults, and owns public relations and marketing firms through acquisitions. Dolphin has also expanded into digital media, including non-fungible token (NFT) ventures and influencer marketing.

BLDP vs DLPN — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.1× larger
BLDP
$17.7M
$15.6M
DLPN
Higher net margin
BLDP
BLDP
987.9% more per $
BLDP
994.4%
6.5%
DLPN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
DLPN
DLPN
Revenue
$17.7M
$15.6M
Net Profit
$176.5M
$1.0M
Gross Margin
96.6%
Operating Margin
9.5%
Net Margin
994.4%
6.5%
Revenue YoY
27.0%
Net Profit YoY
152.0%
EPS (diluted)
$0.10

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
DLPN
DLPN
Q4 25
$15.6M
Q3 25
$17.7M
$14.8M
Q2 25
$14.1M
Q1 25
$12.2M
Q4 24
$12.3M
Q3 24
$-12.3M
$12.7M
Q2 24
$11.4M
Q1 24
$15.2M
Net Profit
BLDP
BLDP
DLPN
DLPN
Q4 25
$1.0M
Q3 25
$176.5M
$-365.5K
Q2 25
$-1.4M
Q1 25
$-2.3M
Q4 24
$-2.0M
Q3 24
$-8.7M
Q2 24
$-1.6M
Q1 24
$-326.8K
Gross Margin
BLDP
BLDP
DLPN
DLPN
Q4 25
96.6%
Q3 25
95.6%
Q2 25
94.7%
Q1 25
97.2%
Q4 24
96.1%
Q3 24
156.5%
98.0%
Q2 24
98.1%
Q1 24
84.8%
Operating Margin
BLDP
BLDP
DLPN
DLPN
Q4 25
9.5%
Q3 25
2.1%
Q2 25
-0.4%
Q1 25
-14.6%
Q4 24
-11.2%
Q3 24
-64.3%
Q2 24
-9.8%
Q1 24
1.1%
Net Margin
BLDP
BLDP
DLPN
DLPN
Q4 25
6.5%
Q3 25
994.4%
-2.5%
Q2 25
-10.0%
Q1 25
-19.1%
Q4 24
-15.9%
Q3 24
-68.5%
Q2 24
-14.2%
Q1 24
-2.1%
EPS (diluted)
BLDP
BLDP
DLPN
DLPN
Q4 25
$0.10
Q3 25
$-0.03
Q2 25
$-0.13
Q1 25
$-0.21
Q4 24
$-0.21
Q3 24
$-0.80
Q2 24
$-0.17
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
DLPN
DLPN
Cash + ST InvestmentsLiquidity on hand
$8.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.7M
Total Assets
$58.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
DLPN
DLPN
Q4 25
$8.8M
Q3 25
$7.8M
Q2 25
$8.7M
Q1 25
$7.1M
Q4 24
$8.2M
Q3 24
$5.7M
Q2 24
$8.7M
Q1 24
$6.4M
Stockholders' Equity
BLDP
BLDP
DLPN
DLPN
Q4 25
$9.7M
Q3 25
$8.4M
Q2 25
$7.9M
Q1 25
$9.3M
Q4 24
$11.6M
Q3 24
$13.6M
Q2 24
$20.4M
Q1 24
$20.3M
Total Assets
BLDP
BLDP
DLPN
DLPN
Q4 25
$58.3M
Q3 25
$60.0M
Q2 25
$58.6M
Q1 25
$58.6M
Q4 24
$58.4M
Q3 24
$57.3M
Q2 24
$65.6M
Q1 24
$65.1M

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
DLPN
DLPN
Operating Cash FlowLast quarter
$5.7M
$576.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.03×
0.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
DLPN
DLPN
Q4 25
$576.6K
Q3 25
$5.7M
$-2.4M
Q2 25
$1.5M
Q1 25
$-1.7M
Q4 24
$850.2K
Q3 24
$-6.6M
$-1.7M
Q2 24
$1.8M
Q1 24
$-1.2M
Free Cash Flow
BLDP
BLDP
DLPN
DLPN
Q4 25
Q3 25
$-2.4M
Q2 25
Q1 25
$-1.7M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BLDP
BLDP
DLPN
DLPN
Q4 25
Q3 25
-16.3%
Q2 25
Q1 25
-14.0%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BLDP
BLDP
DLPN
DLPN
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
BLDP
BLDP
DLPN
DLPN
Q4 25
0.57×
Q3 25
0.03×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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