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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and HEALTHY CHOICE WELLNESS CORP. (HCWC). Click either name above to swap in a different company.

HEALTHY CHOICE WELLNESS CORP. is the larger business by last-quarter revenue ($18.7M vs $17.7M, roughly 1.1× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs -8.9%, a 1003.3% 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.

BLDP vs HCWC — Head-to-Head

Bigger by revenue
HCWC
HCWC
1.1× larger
HCWC
$18.7M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
1003.3% more per $
BLDP
994.4%
-8.9%
HCWC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
HCWC
HCWC
Revenue
$17.7M
$18.7M
Net Profit
$176.5M
$-1.7M
Gross Margin
39.1%
Operating Margin
-7.6%
Net Margin
994.4%
-8.9%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.05

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
HCWC
HCWC
Q4 25
$18.7M
Q3 25
$17.7M
$19.0M
Q2 25
$20.2M
Q1 25
$20.3M
Q3 24
$-12.3M
$18.2M
Q1 22
$3.4M
Net Profit
BLDP
BLDP
HCWC
HCWC
Q4 25
$-1.7M
Q3 25
$176.5M
$-1.2M
Q2 25
$-339.4K
Q1 25
$-712.4K
Q3 24
$-2.7M
Q1 22
$-22.6M
Gross Margin
BLDP
BLDP
HCWC
HCWC
Q4 25
39.1%
Q3 25
38.8%
Q2 25
40.1%
Q1 25
38.8%
Q3 24
156.5%
38.4%
Q1 22
Operating Margin
BLDP
BLDP
HCWC
HCWC
Q4 25
-7.6%
Q3 25
-3.2%
Q2 25
-0.2%
Q1 25
-2.0%
Q3 24
-2.0%
Q1 22
Net Margin
BLDP
BLDP
HCWC
HCWC
Q4 25
-8.9%
Q3 25
994.4%
-6.4%
Q2 25
-1.7%
Q1 25
-3.5%
Q3 24
-14.6%
Q1 22
-659.1%
EPS (diluted)
BLDP
BLDP
HCWC
HCWC
Q4 25
$-0.05
Q3 25
$-0.09
Q2 25
$-0.03
Q1 25
$-0.07
Q3 24
$-0.29
Q1 22

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
HCWC
HCWC
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
$7.3M
Stockholders' EquityBook value
$7.3M
Total Assets
$33.5M
Debt / EquityLower = less leverage
1.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
HCWC
HCWC
Q4 25
$3.0M
Q3 25
$3.0M
Q2 25
$4.7M
Q1 25
$1.8M
Q3 24
$1.8M
Q1 22
Total Debt
BLDP
BLDP
HCWC
HCWC
Q4 25
$7.3M
Q3 25
$8.5M
Q2 25
$9.7M
Q1 25
$10.6M
Q3 24
$11.6M
Q1 22
Stockholders' Equity
BLDP
BLDP
HCWC
HCWC
Q4 25
$7.3M
Q3 25
$5.9M
Q2 25
$5.8M
Q1 25
$2.1M
Q3 24
$2.9M
Q1 22
Total Assets
BLDP
BLDP
HCWC
HCWC
Q4 25
$33.5M
Q3 25
$33.7M
Q2 25
$36.4M
Q1 25
$34.1M
Q3 24
$33.2M
Q1 22
Debt / Equity
BLDP
BLDP
HCWC
HCWC
Q4 25
1.00×
Q3 25
1.43×
Q2 25
1.69×
Q1 25
5.01×
Q3 24
3.95×
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
HCWC
HCWC
Operating Cash FlowLast quarter
$5.7M
$-855.1K
Free Cash FlowOCF − Capex
$-927.1K
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$675.4K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
HCWC
HCWC
Q4 25
$-855.1K
Q3 25
$5.7M
$-308.7K
Q2 25
$1.1M
Q1 25
$1.1M
Q3 24
$-6.6M
Q1 22
$-26.0K
Free Cash Flow
BLDP
BLDP
HCWC
HCWC
Q4 25
$-927.1K
Q3 25
$-351.3K
Q2 25
$988.6K
Q1 25
$965.3K
Q3 24
Q1 22
FCF Margin
BLDP
BLDP
HCWC
HCWC
Q4 25
-5.0%
Q3 25
-1.8%
Q2 25
4.9%
Q1 25
4.8%
Q3 24
Q1 22
Capex Intensity
BLDP
BLDP
HCWC
HCWC
Q4 25
0.4%
Q3 25
0.2%
Q2 25
0.4%
Q1 25
0.6%
Q3 24
Q1 22
Cash Conversion
BLDP
BLDP
HCWC
HCWC
Q4 25
Q3 25
0.03×
Q2 25
Q1 25
Q3 24
Q1 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLDP
BLDP

Segment breakdown not available.

HCWC
HCWC

Retail Grocery$17.1M91%
Food Service Restaurant$1.7M9%

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