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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Globavend Holdings Ltd (GVH). 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 $13.7M, roughly 1.3× Globavend Holdings Ltd). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 3.3%, a 991.1% 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.

Globavend Holdings Ltd is a provider of smart unattended retail solutions, focusing on the design, supply, and operation of intelligent vending machines. It primarily serves markets across Australia, New Zealand, and Southeast Asia, offering end-to-end services including hardware manufacturing, inventory management software, and after-sales support to clients in retail, FMCG, and workplace service segments.

BLDP vs GVH — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.3× larger
BLDP
$17.7M
$13.7M
GVH
Higher net margin
BLDP
BLDP
991.1% more per $
BLDP
994.4%
3.3%
GVH

Income Statement — Q3 FY2025 vs Q1 FY2025

Metric
BLDP
BLDP
GVH
GVH
Revenue
$17.7M
$13.7M
Net Profit
$176.5M
$450.3K
Gross Margin
10.5%
Operating Margin
5.8%
Net Margin
994.4%
3.3%
Revenue YoY
63.7%
Net Profit YoY
-49.9%
EPS (diluted)
$6.01

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
GVH
GVH
Q3 25
$17.7M
Q1 25
$13.7M
Q3 24
$-12.3M
Q1 24
$8.4M
Q1 22
$3.4M
Net Profit
BLDP
BLDP
GVH
GVH
Q3 25
$176.5M
Q1 25
$450.3K
Q3 24
Q1 24
$898.8K
Q1 22
$-22.6M
Gross Margin
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
10.5%
Q3 24
156.5%
Q1 24
19.8%
Q1 22
Operating Margin
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
5.8%
Q3 24
Q1 24
13.8%
Q1 22
Net Margin
BLDP
BLDP
GVH
GVH
Q3 25
994.4%
Q1 25
3.3%
Q3 24
Q1 24
10.7%
Q1 22
-659.1%
EPS (diluted)
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
$6.01
Q3 24
Q1 24
$12.57
Q1 22

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
GVH
GVH
Cash + ST InvestmentsLiquidity on hand
$915.2K
Total DebtLower is stronger
Stockholders' EquityBook value
$5.7M
Total Assets
$6.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
$915.2K
Q3 24
Q1 24
$2.5M
Q1 22
Stockholders' Equity
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
$5.7M
Q3 24
Q1 24
$4.4M
Q1 22
Total Assets
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
$6.4M
Q3 24
Q1 24
$6.0M
Q1 22

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
GVH
GVH
Operating Cash FlowLast quarter
$5.7M
$-906.3K
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
0.03×
-2.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
GVH
GVH
Q3 25
$5.7M
Q1 25
$-906.3K
Q3 24
$-6.6M
Q1 24
$-256.6K
Q1 22
$-26.0K
Free Cash Flow
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
$-1.2M
Q3 24
Q1 24
$-730.0K
Q1 22
FCF Margin
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
-8.8%
Q3 24
Q1 24
-8.7%
Q1 22
Capex Intensity
BLDP
BLDP
GVH
GVH
Q3 25
Q1 25
2.2%
Q3 24
Q1 24
5.6%
Q1 22
Cash Conversion
BLDP
BLDP
GVH
GVH
Q3 25
0.03×
Q1 25
-2.01×
Q3 24
Q1 24
-0.29×
Q1 22

Financial Flow Comparison

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

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