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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and First Bancorp, Inc (FNLC). Click either name above to swap in a different company.

First Bancorp, Inc is the larger business by last-quarter revenue ($25.8M vs $17.7M, roughly 1.5× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 39.4%, a 955.1% 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.

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

BLDP vs FNLC — Head-to-Head

Bigger by revenue
FNLC
FNLC
1.5× larger
FNLC
$25.8M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
955.1% more per $
BLDP
994.4%
39.4%
FNLC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
FNLC
FNLC
Revenue
$17.7M
$25.8M
Net Profit
$176.5M
$10.2M
Gross Margin
Operating Margin
48.1%
Net Margin
994.4%
39.4%
Revenue YoY
17.5%
Net Profit YoY
39.7%
EPS (diluted)
$0.91

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
FNLC
FNLC
Q4 25
$25.8M
Q3 25
$17.7M
$24.5M
Q2 25
$22.5M
Q1 25
$21.8M
Q4 24
$22.0M
Q3 24
$-12.3M
$20.5M
Q2 24
$19.2M
Q1 24
$18.5M
Net Profit
BLDP
BLDP
FNLC
FNLC
Q4 25
$10.2M
Q3 25
$176.5M
$9.1M
Q2 25
$8.1M
Q1 25
$7.1M
Q4 24
$7.3M
Q3 24
$7.6M
Q2 24
$6.2M
Q1 24
$6.0M
Gross Margin
BLDP
BLDP
FNLC
FNLC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
156.5%
Q2 24
Q1 24
Operating Margin
BLDP
BLDP
FNLC
FNLC
Q4 25
48.1%
Q3 25
45.2%
Q2 25
43.7%
Q1 25
39.3%
Q4 24
39.5%
Q3 24
44.6%
Q2 24
38.8%
Q1 24
39.3%
Net Margin
BLDP
BLDP
FNLC
FNLC
Q4 25
39.4%
Q3 25
994.4%
37.0%
Q2 25
35.8%
Q1 25
32.5%
Q4 24
33.1%
Q3 24
36.9%
Q2 24
32.1%
Q1 24
32.5%
EPS (diluted)
BLDP
BLDP
FNLC
FNLC
Q4 25
$0.91
Q3 25
$0.81
Q2 25
$0.72
Q1 25
$0.63
Q4 24
$0.66
Q3 24
$0.68
Q2 24
$0.55
Q1 24
$0.54

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
FNLC
FNLC
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$95.5M
Stockholders' EquityBook value
$283.1M
Total Assets
$3.2B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Total Debt
BLDP
BLDP
FNLC
FNLC
Q4 25
$95.5M
Q3 25
$95.5M
Q2 25
$95.0M
Q1 25
$70.0M
Q4 24
$95.0M
Q3 24
$95.0M
Q2 24
$70.0M
Q1 24
$70.0M
Stockholders' Equity
BLDP
BLDP
FNLC
FNLC
Q4 25
$283.1M
Q3 25
$274.6M
Q2 25
$265.5M
Q1 25
$259.7M
Q4 24
$252.5M
Q3 24
$256.8M
Q2 24
$244.7M
Q1 24
$242.6M
Total Assets
BLDP
BLDP
FNLC
FNLC
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.2B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.0B
Debt / Equity
BLDP
BLDP
FNLC
FNLC
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.37×
Q2 24
0.29×
Q1 24
0.29×

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
FNLC
FNLC
Operating Cash FlowLast quarter
$5.7M
$37.8M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
133.9%
Capex IntensityCapex / Revenue
12.5%
Cash ConversionOCF / Net Profit
0.03×
3.72×
TTM Free Cash FlowTrailing 4 quarters
$55.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
FNLC
FNLC
Q4 25
$37.8M
Q3 25
$5.7M
$12.9M
Q2 25
$7.4M
Q1 25
$2.2M
Q4 24
$26.0M
Q3 24
$-6.6M
$9.8M
Q2 24
$6.4M
Q1 24
$-1.5M
Free Cash Flow
BLDP
BLDP
FNLC
FNLC
Q4 25
$34.6M
Q3 25
$12.6M
Q2 25
$7.2M
Q1 25
$828.0K
Q4 24
$24.6M
Q3 24
$9.6M
Q2 24
$6.3M
Q1 24
$-1.8M
FCF Margin
BLDP
BLDP
FNLC
FNLC
Q4 25
133.9%
Q3 25
51.4%
Q2 25
32.1%
Q1 25
3.8%
Q4 24
111.7%
Q3 24
47.0%
Q2 24
32.9%
Q1 24
-9.8%
Capex Intensity
BLDP
BLDP
FNLC
FNLC
Q4 25
12.5%
Q3 25
1.2%
Q2 25
0.6%
Q1 25
6.2%
Q4 24
6.7%
Q3 24
0.5%
Q2 24
0.3%
Q1 24
1.8%
Cash Conversion
BLDP
BLDP
FNLC
FNLC
Q4 25
3.72×
Q3 25
0.03×
1.42×
Q2 25
0.91×
Q1 25
0.31×
Q4 24
3.58×
Q3 24
1.29×
Q2 24
1.03×
Q1 24
-0.25×

Financial Flow Comparison

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

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