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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Massimo Group (MAMO). Click either name above to swap in a different company.

Massimo Group is the larger business by last-quarter revenue ($21.0M vs $17.7M, roughly 1.2× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 9.5%, a 984.9% 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.

Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.

BLDP vs MAMO — Head-to-Head

Bigger by revenue
MAMO
MAMO
1.2× larger
MAMO
$21.0M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
984.9% more per $
BLDP
994.4%
9.5%
MAMO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
MAMO
MAMO
Revenue
$17.7M
$21.0M
Net Profit
$176.5M
$2.0M
Gross Margin
41.5%
Operating Margin
13.1%
Net Margin
994.4%
9.5%
Revenue YoY
15.7%
Net Profit YoY
215.0%
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
MAMO
MAMO
Q4 25
$21.0M
Q3 25
$17.7M
$17.0M
Q2 25
$18.9M
Q1 25
$14.9M
Q4 24
$18.2M
Q3 24
$-12.3M
$25.6M
Q2 24
$35.4M
Q1 24
$30.2M
Net Profit
BLDP
BLDP
MAMO
MAMO
Q4 25
$2.0M
Q3 25
$176.5M
$1.5M
Q2 25
$77.7K
Q1 25
$-2.1M
Q4 24
$-1.7M
Q3 24
$-2.5M
Q2 24
$2.8M
Q1 24
$3.2M
Gross Margin
BLDP
BLDP
MAMO
MAMO
Q4 25
41.5%
Q3 25
42.0%
Q2 25
36.3%
Q1 25
28.4%
Q4 24
19.6%
Q3 24
156.5%
27.2%
Q2 24
32.5%
Q1 24
34.7%
Operating Margin
BLDP
BLDP
MAMO
MAMO
Q4 25
13.1%
Q3 25
10.5%
Q2 25
0.8%
Q1 25
-18.2%
Q4 24
-15.4%
Q3 24
1.2%
Q2 24
10.1%
Q1 24
13.2%
Net Margin
BLDP
BLDP
MAMO
MAMO
Q4 25
9.5%
Q3 25
994.4%
9.0%
Q2 25
0.4%
Q1 25
-14.0%
Q4 24
-9.5%
Q3 24
-9.8%
Q2 24
8.0%
Q1 24
10.6%
EPS (diluted)
BLDP
BLDP
MAMO
MAMO
Q4 25
$0.05
Q3 25
$0.04
Q2 25
$0.00
Q1 25
$-0.05
Q4 24
$-0.05
Q3 24
$-0.06
Q2 24
$0.07
Q1 24
$0.08

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
MAMO
MAMO
Cash + ST InvestmentsLiquidity on hand
$5.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.7M
Total Assets
$51.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
MAMO
MAMO
Q4 25
$5.8M
Q3 25
$2.6M
Q2 25
Q1 25
$3.0M
Q4 24
$10.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BLDP
BLDP
MAMO
MAMO
Q4 25
$23.7M
Q3 25
$21.7M
Q2 25
$20.2M
Q1 25
$19.9M
Q4 24
$21.7M
Q3 24
$22.5M
Q2 24
$24.7M
Q1 24
$18.1M
Total Assets
BLDP
BLDP
MAMO
MAMO
Q4 25
$51.4M
Q3 25
$44.4M
Q2 25
$45.9M
Q1 25
$46.4M
Q4 24
$54.9M
Q3 24
$57.1M
Q2 24
$49.9M
Q1 24
$47.3M

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
MAMO
MAMO
Operating Cash FlowLast quarter
$5.7M
$4.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
MAMO
MAMO
Q4 25
$4.0M
Q3 25
$5.7M
$633.2K
Q2 25
$-1.4M
Q1 25
$-3.3M
Q4 24
$9.1M
Q3 24
$-6.6M
$4.7M
Q2 24
$-6.5M
Q1 24
$-637.0K
Free Cash Flow
BLDP
BLDP
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$9.0M
Q3 24
$4.6M
Q2 24
$-6.7M
Q1 24
$-741.4K
FCF Margin
BLDP
BLDP
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
49.7%
Q3 24
18.1%
Q2 24
-19.0%
Q1 24
-2.5%
Capex Intensity
BLDP
BLDP
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.7%
Q1 24
0.3%
Cash Conversion
BLDP
BLDP
MAMO
MAMO
Q4 25
2.01×
Q3 25
0.03×
0.41×
Q2 25
-17.92×
Q1 25
Q4 24
Q3 24
Q2 24
-2.30×
Q1 24
-0.20×

Financial Flow Comparison

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

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