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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and ONE LIBERTY PROPERTIES INC (OLP). Click either name above to swap in a different company.

ONE LIBERTY PROPERTIES INC is the larger business by last-quarter revenue ($24.7M vs $17.7M, roughly 1.4× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 9.7%, a 984.7% 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.

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

BLDP vs OLP — Head-to-Head

Bigger by revenue
OLP
OLP
1.4× larger
OLP
$24.7M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
984.7% more per $
BLDP
994.4%
9.7%
OLP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
OLP
OLP
Revenue
$17.7M
$24.7M
Net Profit
$176.5M
$2.4M
Gross Margin
Operating Margin
28.6%
Net Margin
994.4%
9.7%
Revenue YoY
3.7%
Net Profit YoY
-77.1%
EPS (diluted)
$0.10

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
OLP
OLP
Q4 25
$24.7M
Q3 25
$17.7M
$23.8M
Q2 25
$24.5M
Q1 25
$24.2M
Q4 24
$23.9M
Q3 24
$-12.3M
$22.2M
Q2 24
$21.8M
Q1 24
$22.7M
Net Profit
BLDP
BLDP
OLP
OLP
Q4 25
$2.4M
Q3 25
$176.5M
$10.5M
Q2 25
$8.4M
Q1 25
$4.2M
Q4 24
$10.6M
Q3 24
$5.2M
Q2 24
$9.6M
Q1 24
$5.2M
Gross Margin
BLDP
BLDP
OLP
OLP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
156.5%
Q2 24
Q1 24
Operating Margin
BLDP
BLDP
OLP
OLP
Q4 25
28.6%
Q3 25
66.7%
Q2 25
62.6%
Q1 25
39.8%
Q4 24
65.0%
Q3 24
45.0%
Q2 24
66.0%
Q1 24
44.1%
Net Margin
BLDP
BLDP
OLP
OLP
Q4 25
9.7%
Q3 25
994.4%
44.1%
Q2 25
34.3%
Q1 25
17.2%
Q4 24
44.1%
Q3 24
23.3%
Q2 24
43.8%
Q1 24
22.7%
EPS (diluted)
BLDP
BLDP
OLP
OLP
Q4 25
$0.10
Q3 25
$0.48
Q2 25
$0.39
Q1 25
$0.18
Q4 24
$0.49
Q3 24
$0.23
Q2 24
$0.45
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
OLP
OLP
Cash + ST InvestmentsLiquidity on hand
$14.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$299.6M
Total Assets
$857.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
OLP
OLP
Q4 25
$14.4M
Q3 25
$18.8M
Q2 25
$19.0M
Q1 25
$8.2M
Q4 24
$42.3M
Q3 24
$25.7M
Q2 24
$35.0M
Q1 24
$27.4M
Stockholders' Equity
BLDP
BLDP
OLP
OLP
Q4 25
$299.6M
Q3 25
$305.6M
Q2 25
$303.4M
Q1 25
$303.2M
Q4 24
$307.4M
Q3 24
$304.2M
Q2 24
$307.3M
Q1 24
$304.8M
Total Assets
BLDP
BLDP
OLP
OLP
Q4 25
$857.6M
Q3 25
$802.3M
Q2 25
$795.6M
Q1 25
$811.7M
Q4 24
$767.0M
Q3 24
$768.8M
Q2 24
$759.2M
Q1 24
$755.7M

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
OLP
OLP
Operating Cash FlowLast quarter
$5.7M
$37.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.03×
15.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
OLP
OLP
Q4 25
$37.5M
Q3 25
$5.7M
$10.9M
Q2 25
$11.2M
Q1 25
$11.0M
Q4 24
$39.1M
Q3 24
$-6.6M
$10.0M
Q2 24
$8.6M
Q1 24
$8.9M
Cash Conversion
BLDP
BLDP
OLP
OLP
Q4 25
15.54×
Q3 25
0.03×
1.04×
Q2 25
1.33×
Q1 25
2.65×
Q4 24
3.70×
Q3 24
1.93×
Q2 24
0.90×
Q1 24
1.73×

Financial Flow Comparison

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

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