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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and GoHealth, Inc. (GOCO). 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 $12.6M, roughly 1.4× GoHealth, Inc.).

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.

GoHealth, Inc. is an American marketplace for Medicare plans including Medicare Advantage, MediGap and Medicare Part D, which are programs administered through private health insurance companies. It also operates an online health insurance marketplace offering individual health insurance and short-term health insurance.

BLDP vs GOCO — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.4× larger
BLDP
$17.7M
$12.6M
GOCO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
GOCO
GOCO
Revenue
$17.7M
$12.6M
Net Profit
$176.5M
Gross Margin
65.6%
Operating Margin
Net Margin
994.4%
Revenue YoY
-96.8%
Net Profit YoY
-227.8%
EPS (diluted)

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
GOCO
GOCO
Q4 25
$12.6M
Q3 25
$17.7M
$34.2M
Q2 25
$94.0M
Q1 25
$221.0M
Q4 24
$389.1M
Q3 24
$-12.3M
$118.3M
Q2 24
$105.9M
Q1 24
$185.6M
Net Profit
BLDP
BLDP
GOCO
GOCO
Q4 25
Q3 25
$176.5M
$-165.8M
Q2 25
$-54.3M
Q1 25
$-4.4M
Q4 24
$25.5M
Q3 24
$6.8M
Q2 24
$-26.0M
Q1 24
$-9.2M
Gross Margin
BLDP
BLDP
GOCO
GOCO
Q4 25
65.6%
Q3 25
41.2%
Q2 25
65.5%
Q1 25
82.2%
Q4 24
86.6%
Q3 24
156.5%
83.4%
Q2 24
80.5%
Q1 24
79.5%
Operating Margin
BLDP
BLDP
GOCO
GOCO
Q4 25
Q3 25
-842.2%
Q2 25
-105.7%
Q1 25
3.0%
Q4 24
20.6%
Q3 24
-36.1%
Q2 24
-38.4%
Q1 24
-2.2%
Net Margin
BLDP
BLDP
GOCO
GOCO
Q4 25
Q3 25
994.4%
-485.1%
Q2 25
-57.7%
Q1 25
-2.0%
Q4 24
6.6%
Q3 24
5.7%
Q2 24
-24.6%
Q1 24
-5.0%
EPS (diluted)
BLDP
BLDP
GOCO
GOCO
Q4 25
Q3 25
$-11.80
Q2 25
$-5.10
Q1 25
$-0.52
Q4 24
$2.62
Q3 24
$0.46
Q2 24
$-2.70
Q1 24
$-1.04

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
GOCO
GOCO
Cash + ST InvestmentsLiquidity on hand
$32.9M
Total DebtLower is stronger
$636.7M
Stockholders' EquityBook value
$37.9M
Total Assets
$987.4M
Debt / EquityLower = less leverage
16.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
GOCO
GOCO
Q4 25
$32.9M
Q3 25
$32.1M
Q2 25
$35.6M
Q1 25
$22.2M
Q4 24
$40.9M
Q3 24
$35.5M
Q2 24
$14.1M
Q1 24
$97.8M
Total Debt
BLDP
BLDP
GOCO
GOCO
Q4 25
$636.7M
Q3 25
$581.8M
Q2 25
$560.0M
Q1 25
$485.9M
Q4 24
$487.4M
Q3 24
$481.3M
Q2 24
$453.3M
Q1 24
$485.3M
Stockholders' Equity
BLDP
BLDP
GOCO
GOCO
Q4 25
$37.9M
Q3 25
$68.2M
Q2 25
$191.8M
Q1 25
$241.6M
Q4 24
$241.8M
Q3 24
$212.0M
Q2 24
$202.7M
Q1 24
$225.9M
Total Assets
BLDP
BLDP
GOCO
GOCO
Q4 25
$987.4M
Q3 25
$1.0B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.4B
Debt / Equity
BLDP
BLDP
GOCO
GOCO
Q4 25
16.81×
Q3 25
8.54×
Q2 25
2.92×
Q1 25
2.01×
Q4 24
2.02×
Q3 24
2.27×
Q2 24
2.24×
Q1 24
2.15×

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
GOCO
GOCO
Operating Cash FlowLast quarter
$5.7M
$-121.9M
Free Cash FlowOCF − Capex
$-130.2M
FCF MarginFCF / Revenue
-1030.1%
Capex IntensityCapex / Revenue
65.3%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$-221.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
GOCO
GOCO
Q4 25
$-121.9M
Q3 25
$5.7M
$-32.7M
Q2 25
$-37.8M
Q1 25
$-12.4M
Q4 24
$-21.6M
Q3 24
$-6.6M
$-12.2M
Q2 24
$-36.5M
Q1 24
$12.5M
Free Cash Flow
BLDP
BLDP
GOCO
GOCO
Q4 25
$-130.2M
Q3 25
$-35.0M
Q2 25
$-40.6M
Q1 25
$-15.5M
Q4 24
$-35.3M
Q3 24
$-16.5M
Q2 24
$-39.2M
Q1 24
$8.0M
FCF Margin
BLDP
BLDP
GOCO
GOCO
Q4 25
-1030.1%
Q3 25
-102.4%
Q2 25
-43.2%
Q1 25
-7.0%
Q4 24
-9.1%
Q3 24
-13.9%
Q2 24
-37.0%
Q1 24
4.3%
Capex Intensity
BLDP
BLDP
GOCO
GOCO
Q4 25
65.3%
Q3 25
6.9%
Q2 25
3.0%
Q1 25
1.4%
Q4 24
3.5%
Q3 24
3.6%
Q2 24
2.6%
Q1 24
2.5%
Cash Conversion
BLDP
BLDP
GOCO
GOCO
Q4 25
Q3 25
0.03×
Q2 25
Q1 25
Q4 24
-0.85×
Q3 24
-1.80×
Q2 24
Q1 24

Financial Flow Comparison

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

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