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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Research Solutions, Inc. (RSSS). 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 $11.8M, roughly 1.5× Research Solutions, Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 4.6%, a 989.8% 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.

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022, and 2023 Top 500 Design Firms and Trenchless Technolo...

BLDP vs RSSS — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.5× larger
BLDP
$17.7M
$11.8M
RSSS
Higher net margin
BLDP
BLDP
989.8% more per $
BLDP
994.4%
4.6%
RSSS

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
BLDP
BLDP
RSSS
RSSS
Revenue
$17.7M
$11.8M
Net Profit
$176.5M
$546.9K
Gross Margin
52.4%
Operating Margin
6.3%
Net Margin
994.4%
4.6%
Revenue YoY
-1.0%
Net Profit YoY
127.6%
EPS (diluted)
$0.02

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
RSSS
RSSS
Q4 25
$11.8M
Q3 25
$17.7M
$12.3M
Q2 25
$12.4M
Q1 25
$12.7M
Q4 24
$11.9M
Q3 24
$-12.3M
$12.0M
Q2 24
$12.1M
Q1 24
$12.1M
Net Profit
BLDP
BLDP
RSSS
RSSS
Q4 25
$546.9K
Q3 25
$176.5M
$749.4K
Q2 25
$2.4M
Q1 25
$216.5K
Q4 24
$-2.0M
Q3 24
$669.0K
Q2 24
$-2.8M
Q1 24
$76.3K
Gross Margin
BLDP
BLDP
RSSS
RSSS
Q4 25
52.4%
Q3 25
50.6%
Q2 25
51.0%
Q1 25
49.5%
Q4 24
48.9%
Q3 24
156.5%
47.9%
Q2 24
46.5%
Q1 24
45.2%
Operating Margin
BLDP
BLDP
RSSS
RSSS
Q4 25
6.3%
Q3 25
7.8%
Q2 25
9.7%
Q1 25
4.4%
Q4 24
0.8%
Q3 24
5.4%
Q2 24
5.5%
Q1 24
0.7%
Net Margin
BLDP
BLDP
RSSS
RSSS
Q4 25
4.6%
Q3 25
994.4%
6.1%
Q2 25
19.0%
Q1 25
1.7%
Q4 24
-16.6%
Q3 24
5.6%
Q2 24
-23.3%
Q1 24
0.6%
EPS (diluted)
BLDP
BLDP
RSSS
RSSS
Q4 25
$0.02
Q3 25
$0.02
Q2 25
$0.08
Q1 25
$0.01
Q4 24
$-0.07
Q3 24
$0.02
Q2 24
$-0.09
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
RSSS
RSSS
Cash + ST InvestmentsLiquidity on hand
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.2M
Total Assets
$44.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
RSSS
RSSS
Q4 25
$12.3M
Q3 25
$12.0M
Q2 25
$12.2M
Q1 25
$9.9M
Q4 24
$7.7M
Q3 24
$6.9M
Q2 24
$6.1M
Q1 24
$4.2M
Stockholders' Equity
BLDP
BLDP
RSSS
RSSS
Q4 25
$17.2M
Q3 25
$15.6M
Q2 25
$13.9M
Q1 25
$11.2M
Q4 24
$11.1M
Q3 24
$12.8M
Q2 24
$11.7M
Q1 24
$14.1M
Total Assets
BLDP
BLDP
RSSS
RSSS
Q4 25
$44.2M
Q3 25
$45.5M
Q2 25
$46.1M
Q1 25
$45.2M
Q4 24
$42.8M
Q3 24
$41.4M
Q2 24
$41.9M
Q1 24
$40.8M

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
RSSS
RSSS
Operating Cash FlowLast quarter
$5.7M
$1.4M
Free Cash FlowOCF − Capex
$1.4M
FCF MarginFCF / Revenue
11.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.03×
2.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
RSSS
RSSS
Q4 25
$1.4M
Q3 25
$5.7M
$1.1M
Q2 25
$2.3M
Q1 25
$2.9M
Q4 24
$1.0M
Q3 24
$-6.6M
$843.1K
Q2 24
$2.0M
Q1 24
$2.0M
Free Cash Flow
BLDP
BLDP
RSSS
RSSS
Q4 25
$1.4M
Q3 25
$1.1M
Q2 25
Q1 25
$2.9M
Q4 24
Q3 24
Q2 24
$1.9M
Q1 24
$2.0M
FCF Margin
BLDP
BLDP
RSSS
RSSS
Q4 25
11.7%
Q3 25
8.8%
Q2 25
Q1 25
22.8%
Q4 24
Q3 24
Q2 24
16.0%
Q1 24
16.6%
Capex Intensity
BLDP
BLDP
RSSS
RSSS
Q4 25
0.1%
Q3 25
0.1%
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
BLDP
BLDP
RSSS
RSSS
Q4 25
2.53×
Q3 25
0.03×
1.48×
Q2 25
0.96×
Q1 25
13.36×
Q4 24
Q3 24
1.26×
Q2 24
Q1 24
26.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLDP
BLDP

Segment breakdown not available.

RSSS
RSSS

Transactions$6.6M56%
Platforms$5.2M44%

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