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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Richmond Mutual Bancorporation, Inc. (RMBI). 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 $13.1M, roughly 1.4× Richmond Mutual Bancorporation, Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 26.1%, a 968.3% 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.

Richmond Mutual Bancorporation, Inc. is a U.S.-based bank holding company operating primarily in Indiana. It offers a full range of personal and commercial banking solutions including deposit accounts, mortgage loans, small business lending, and wealth management services, serving local retail consumers and small-to-medium enterprise clients via its regional branch network.

BLDP vs RMBI — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.4× larger
BLDP
$17.7M
$13.1M
RMBI
Higher net margin
BLDP
BLDP
968.3% more per $
BLDP
994.4%
26.1%
RMBI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
RMBI
RMBI
Revenue
$17.7M
$13.1M
Net Profit
$176.5M
$3.4M
Gross Margin
Operating Margin
Net Margin
994.4%
26.1%
Revenue YoY
18.1%
Net Profit YoY
37.7%
EPS (diluted)
$0.35

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
RMBI
RMBI
Q4 25
$13.1M
Q3 25
$17.7M
$12.6M
Q2 25
$11.8M
Q1 25
$11.4M
Q4 24
$11.1M
Q3 24
$-12.3M
$10.8M
Q2 24
$10.7M
Q1 24
$11.0M
Net Profit
BLDP
BLDP
RMBI
RMBI
Q4 25
$3.4M
Q3 25
$176.5M
$3.6M
Q2 25
$2.6M
Q1 25
$2.0M
Q4 24
$2.5M
Q3 24
$2.5M
Q2 24
$2.1M
Q1 24
$2.4M
Gross Margin
BLDP
BLDP
RMBI
RMBI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
156.5%
Q2 24
Q1 24
Net Margin
BLDP
BLDP
RMBI
RMBI
Q4 25
26.1%
Q3 25
994.4%
28.6%
Q2 25
22.0%
Q1 25
17.2%
Q4 24
22.4%
Q3 24
23.0%
Q2 24
19.3%
Q1 24
21.6%
EPS (diluted)
BLDP
BLDP
RMBI
RMBI
Q4 25
$0.35
Q3 25
$0.36
Q2 25
$0.26
Q1 25
$0.20
Q4 24
$0.25
Q3 24
$0.24
Q2 24
$0.20
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
RMBI
RMBI
Cash + ST InvestmentsLiquidity on hand
$33.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$145.8M
Total Assets
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
RMBI
RMBI
Q4 25
$33.1M
Q3 25
$34.3M
Q2 25
$27.2M
Q1 25
$27.0M
Q4 24
$21.8M
Q3 24
$19.6M
Q2 24
$19.0M
Q1 24
$20.3M
Stockholders' Equity
BLDP
BLDP
RMBI
RMBI
Q4 25
$145.8M
Q3 25
$140.0M
Q2 25
$132.3M
Q1 25
$130.9M
Q4 24
$132.9M
Q3 24
$140.0M
Q2 24
$131.1M
Q1 24
$132.4M
Total Assets
BLDP
BLDP
RMBI
RMBI
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B

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
RMBI
RMBI
Operating Cash FlowLast quarter
$5.7M
$16.0M
Free Cash FlowOCF − Capex
$14.6M
FCF MarginFCF / Revenue
111.9%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
0.03×
4.68×
TTM Free Cash FlowTrailing 4 quarters
$26.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
RMBI
RMBI
Q4 25
$16.0M
Q3 25
$5.7M
$6.3M
Q2 25
$4.8M
Q1 25
$2.2M
Q4 24
$14.8M
Q3 24
$-6.6M
$2.9M
Q2 24
$2.9M
Q1 24
$2.2M
Free Cash Flow
BLDP
BLDP
RMBI
RMBI
Q4 25
$14.6M
Q3 25
$5.8M
Q2 25
$4.2M
Q1 25
$2.1M
Q4 24
$14.3M
Q3 24
$2.8M
Q2 24
$2.8M
Q1 24
$2.0M
FCF Margin
BLDP
BLDP
RMBI
RMBI
Q4 25
111.9%
Q3 25
46.2%
Q2 25
35.6%
Q1 25
18.4%
Q4 24
129.3%
Q3 24
25.7%
Q2 24
26.2%
Q1 24
18.7%
Capex Intensity
BLDP
BLDP
RMBI
RMBI
Q4 25
10.4%
Q3 25
3.7%
Q2 25
5.3%
Q1 25
0.7%
Q4 24
4.2%
Q3 24
1.1%
Q2 24
1.1%
Q1 24
1.1%
Cash Conversion
BLDP
BLDP
RMBI
RMBI
Q4 25
4.68×
Q3 25
0.03×
1.75×
Q2 25
1.86×
Q1 25
1.11×
Q4 24
5.96×
Q3 24
1.17×
Q2 24
1.42×
Q1 24
0.91×

Financial Flow Comparison

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

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