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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and ISABELLA BANK CORP (ISBA). Click either name above to swap in a different company.

ISABELLA BANK CORP is the larger business by last-quarter revenue ($21.2M vs $17.7M, roughly 1.2× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 22.2%, a 972.3% 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.

The Bank of the Philippine Islands is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines.

BLDP vs ISBA — Head-to-Head

Bigger by revenue
ISBA
ISBA
1.2× larger
ISBA
$21.2M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
972.3% more per $
BLDP
994.4%
22.2%
ISBA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
ISBA
ISBA
Revenue
$17.7M
$21.2M
Net Profit
$176.5M
$4.7M
Gross Margin
Operating Margin
32.2%
Net Margin
994.4%
22.2%
Revenue YoY
14.3%
Net Profit YoY
17.4%
EPS (diluted)
$0.64

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
ISBA
ISBA
Q4 25
$21.2M
Q3 25
$17.7M
$20.5M
Q2 25
$18.8M
Q1 25
$18.1M
Q4 24
$18.5M
Q3 24
$-12.3M
$18.0M
Q2 24
$17.2M
Q1 24
$16.7M
Net Profit
BLDP
BLDP
ISBA
ISBA
Q4 25
$4.7M
Q3 25
$176.5M
$5.2M
Q2 25
$5.0M
Q1 25
$3.9M
Q4 24
$4.0M
Q3 24
$3.3M
Q2 24
$3.5M
Q1 24
$3.1M
Gross Margin
BLDP
BLDP
ISBA
ISBA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
156.5%
Q2 24
Q1 24
Operating Margin
BLDP
BLDP
ISBA
ISBA
Q4 25
32.2%
Q3 25
30.7%
Q2 25
32.8%
Q1 25
26.9%
Q4 24
26.0%
Q3 24
21.3%
Q2 24
23.9%
Q1 24
21.8%
Net Margin
BLDP
BLDP
ISBA
ISBA
Q4 25
22.2%
Q3 25
994.4%
25.6%
Q2 25
26.7%
Q1 25
21.9%
Q4 24
21.6%
Q3 24
18.2%
Q2 24
20.3%
Q1 24
18.7%
EPS (diluted)
BLDP
BLDP
ISBA
ISBA
Q4 25
$0.64
Q3 25
$0.71
Q2 25
$0.68
Q1 25
$0.53
Q4 24
$0.54
Q3 24
$0.44
Q2 24
$0.46
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
ISBA
ISBA
Cash + ST InvestmentsLiquidity on hand
$26.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.4M
Total Assets
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
ISBA
ISBA
Q4 25
$26.0M
Q3 25
$161.3M
Q2 25
$108.6M
Q1 25
$69.2M
Q4 24
$24.5M
Q3 24
$27.4M
Q2 24
$23.6M
Q1 24
$25.2M
Stockholders' Equity
BLDP
BLDP
ISBA
ISBA
Q4 25
$231.4M
Q3 25
$227.4M
Q2 25
$220.5M
Q1 25
$215.6M
Q4 24
$210.3M
Q3 24
$213.0M
Q2 24
$202.2M
Q1 24
$200.7M
Total Assets
BLDP
BLDP
ISBA
ISBA
Q4 25
$2.2B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B

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
ISBA
ISBA
Operating Cash FlowLast quarter
$5.7M
$26.8M
Free Cash FlowOCF − Capex
$23.3M
FCF MarginFCF / Revenue
110.2%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
0.03×
5.72×
TTM Free Cash FlowTrailing 4 quarters
$36.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
ISBA
ISBA
Q4 25
$26.8M
Q3 25
$5.7M
$2.7M
Q2 25
$7.8M
Q1 25
$4.7M
Q4 24
$19.6M
Q3 24
$-6.6M
$3.6M
Q2 24
$5.5M
Q1 24
$3.4M
Free Cash Flow
BLDP
BLDP
ISBA
ISBA
Q4 25
$23.3M
Q3 25
$1.7M
Q2 25
$7.2M
Q1 25
$3.7M
Q4 24
$17.5M
Q3 24
$3.2M
Q2 24
$5.1M
Q1 24
$2.6M
FCF Margin
BLDP
BLDP
ISBA
ISBA
Q4 25
110.2%
Q3 25
8.5%
Q2 25
38.5%
Q1 25
20.6%
Q4 24
94.6%
Q3 24
17.7%
Q2 24
29.8%
Q1 24
15.7%
Capex Intensity
BLDP
BLDP
ISBA
ISBA
Q4 25
16.4%
Q3 25
5.0%
Q2 25
3.2%
Q1 25
5.5%
Q4 24
11.4%
Q3 24
2.0%
Q2 24
2.4%
Q1 24
4.9%
Cash Conversion
BLDP
BLDP
ISBA
ISBA
Q4 25
5.72×
Q3 25
0.03×
0.52×
Q2 25
1.56×
Q1 25
1.19×
Q4 24
4.91×
Q3 24
1.08×
Q2 24
1.59×
Q1 24
1.10×

Financial Flow Comparison

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

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