vs

Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and FIRST US BANCSHARES, INC. (FUSB). 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 $10.4M, roughly 1.7× FIRST US BANCSHARES, INC.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 20.4%, a 974.0% 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.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

BLDP vs FUSB — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.7× larger
BLDP
$17.7M
$10.4M
FUSB
Higher net margin
BLDP
BLDP
974.0% more per $
BLDP
994.4%
20.4%
FUSB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
FUSB
FUSB
Revenue
$17.7M
$10.4M
Net Profit
$176.5M
$2.1M
Gross Margin
Operating Margin
28.1%
Net Margin
994.4%
20.4%
Revenue YoY
7.1%
Net Profit YoY
24.2%
EPS (diluted)
$0.36

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
FUSB
FUSB
Q4 25
$10.4M
Q3 25
$17.7M
$10.5M
Q2 25
$10.3M
Q1 25
$9.8M
Q4 24
$9.7M
Q3 24
$-12.3M
$10.1M
Q2 24
$10.0M
Q1 24
$9.9M
Net Profit
BLDP
BLDP
FUSB
FUSB
Q4 25
$2.1M
Q3 25
$176.5M
$1.9M
Q2 25
$155.0K
Q1 25
$1.8M
Q4 24
$1.7M
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
$2.1M
Gross Margin
BLDP
BLDP
FUSB
FUSB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
156.5%
Q2 24
Q1 24
Operating Margin
BLDP
BLDP
FUSB
FUSB
Q4 25
28.1%
Q3 25
23.9%
Q2 25
1.6%
Q1 25
23.8%
Q4 24
23.8%
Q3 24
29.2%
Q2 24
27.4%
Q1 24
27.8%
Net Margin
BLDP
BLDP
FUSB
FUSB
Q4 25
20.4%
Q3 25
994.4%
18.4%
Q2 25
1.5%
Q1 25
18.1%
Q4 24
17.6%
Q3 24
22.0%
Q2 24
21.2%
Q1 24
21.3%
EPS (diluted)
BLDP
BLDP
FUSB
FUSB
Q4 25
$0.36
Q3 25
$0.32
Q2 25
$0.03
Q1 25
$0.29
Q4 24
$0.29
Q3 24
$0.36
Q2 24
$0.34
Q1 24
$0.34

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
FUSB
FUSB
Cash + ST InvestmentsLiquidity on hand
$73.5M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$105.6M
Total Assets
$1.2B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
FUSB
FUSB
Q4 25
$73.5M
Q3 25
$54.7M
Q2 25
$54.0M
Q1 25
$56.0M
Q4 24
$47.2M
Q3 24
$82.3M
Q2 24
$58.2M
Q1 24
$60.2M
Total Debt
BLDP
BLDP
FUSB
FUSB
Q4 25
$10.9M
Q3 25
$10.9M
Q2 25
$10.9M
Q1 25
$10.9M
Q4 24
$10.9M
Q3 24
$10.9M
Q2 24
$10.8M
Q1 24
$10.8M
Stockholders' Equity
BLDP
BLDP
FUSB
FUSB
Q4 25
$105.6M
Q3 25
$104.2M
Q2 25
$101.9M
Q1 25
$101.2M
Q4 24
$98.6M
Q3 24
$98.5M
Q2 24
$93.8M
Q1 24
$92.3M
Total Assets
BLDP
BLDP
FUSB
FUSB
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Debt / Equity
BLDP
BLDP
FUSB
FUSB
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.12×
Q1 24
0.12×

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
FUSB
FUSB
Operating Cash FlowLast quarter
$5.7M
$12.3M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
87.2%
Capex IntensityCapex / Revenue
31.1%
Cash ConversionOCF / Net Profit
0.03×
5.79×
TTM Free Cash FlowTrailing 4 quarters
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
FUSB
FUSB
Q4 25
$12.3M
Q3 25
$5.7M
$4.2M
Q2 25
$3.9M
Q1 25
$1.8M
Q4 24
$7.8M
Q3 24
$-6.6M
$1.9M
Q2 24
$2.5M
Q1 24
$825.0K
Free Cash Flow
BLDP
BLDP
FUSB
FUSB
Q4 25
$9.1M
Q3 25
$3.6M
Q2 25
$1.6M
Q1 25
$1.7M
Q4 24
$5.7M
Q3 24
$1.3M
Q2 24
$2.3M
Q1 24
$-142.0K
FCF Margin
BLDP
BLDP
FUSB
FUSB
Q4 25
87.2%
Q3 25
34.2%
Q2 25
16.0%
Q1 25
17.2%
Q4 24
58.2%
Q3 24
12.7%
Q2 24
23.5%
Q1 24
-1.4%
Capex Intensity
BLDP
BLDP
FUSB
FUSB
Q4 25
31.1%
Q3 25
5.9%
Q2 25
21.8%
Q1 25
0.7%
Q4 24
21.6%
Q3 24
6.6%
Q2 24
2.0%
Q1 24
9.8%
Cash Conversion
BLDP
BLDP
FUSB
FUSB
Q4 25
5.79×
Q3 25
0.03×
2.18×
Q2 25
25.16×
Q1 25
0.99×
Q4 24
4.53×
Q3 24
0.87×
Q2 24
1.20×
Q1 24
0.39×

Financial Flow Comparison

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

Related Comparisons