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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and SITE Centers Corp. (SITC). Click either name above to swap in a different company.

SITE Centers Corp. is the larger business by last-quarter revenue ($20.5M vs $17.7M, roughly 1.2× Ballard Power Systems Inc.). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs 657.2%, a 337.3% 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.

SITE Centers Corp. is a publicly traded real estate investment trust that invests in shopping centers. Founded in 1965 by Bert Wolstein, the company is headquartered in Beachwood, Ohio. As of December 31, 2019 the company owned interests in 170 shopping centers in the United States containing 57.0 million square feet and managed 13.2 million square feet for Retail Value Inc. Notable properties wholly owned by the company include Shopper's World in Framingham, Massachusetts. Its major tenants ...

BLDP vs SITC — Head-to-Head

Bigger by revenue
SITC
SITC
1.2× larger
SITC
$20.5M
$17.7M
BLDP
Higher net margin
BLDP
BLDP
337.3% more per $
BLDP
994.4%
657.2%
SITC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
SITC
SITC
Revenue
$17.7M
$20.5M
Net Profit
$176.5M
$134.4M
Gross Margin
Operating Margin
Net Margin
994.4%
657.2%
Revenue YoY
-41.4%
Net Profit YoY
2409.0%
EPS (diluted)
$2.55

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
SITC
SITC
Q4 25
$20.5M
Q3 25
$17.7M
$27.1M
Q2 25
$33.5M
Q1 25
$42.6M
Q4 24
$34.9M
Q3 24
$-12.3M
$61.0M
Q2 24
$87.5M
Q1 24
$94.1M
Net Profit
BLDP
BLDP
SITC
SITC
Q4 25
$134.4M
Q3 25
$176.5M
$-6.2M
Q2 25
$46.5M
Q1 25
$3.1M
Q4 24
Q3 24
$323.0M
Q2 24
$238.2M
Q1 24
$-23.6M
Gross Margin
BLDP
BLDP
SITC
SITC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
156.5%
Q2 24
Q1 24
Operating Margin
BLDP
BLDP
SITC
SITC
Q4 25
Q3 25
-22.0%
Q2 25
Q1 25
7.6%
Q4 24
Q3 24
Q2 24
Q1 24
-34.8%
Net Margin
BLDP
BLDP
SITC
SITC
Q4 25
657.2%
Q3 25
994.4%
-22.7%
Q2 25
138.9%
Q1 25
7.2%
Q4 24
Q3 24
529.4%
Q2 24
272.2%
Q1 24
-25.0%
EPS (diluted)
BLDP
BLDP
SITC
SITC
Q4 25
$2.55
Q3 25
$-0.13
Q2 25
$0.88
Q1 25
$0.06
Q4 24
Q3 24
$6.07
Q2 24
$4.45
Q1 24
$-0.51

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
SITC
SITC
Cash + ST InvestmentsLiquidity on hand
$119.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$334.8M
Total Assets
$418.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLDP
BLDP
SITC
SITC
Q4 25
$119.0M
Q3 25
$128.2M
Q2 25
$153.8M
Q1 25
$58.2M
Q4 24
$54.6M
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$551.3M
Stockholders' Equity
BLDP
BLDP
SITC
SITC
Q4 25
$334.8M
Q3 25
$308.3M
Q2 25
$486.7M
Q1 25
$519.6M
Q4 24
$516.7M
Q3 24
$2.7B
Q2 24
$2.3B
Q1 24
$2.1B
Total Assets
BLDP
BLDP
SITC
SITC
Q4 25
$418.7M
Q3 25
$654.0M
Q2 25
$959.0M
Q1 25
$929.8M
Q4 24
$933.6M
Q3 24
$3.1B
Q2 24
$4.0B
Q1 24
$3.9B

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
SITC
SITC
Operating Cash FlowLast quarter
$5.7M
$19.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.03×
0.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
SITC
SITC
Q4 25
$19.6M
Q3 25
$5.7M
$5.2M
Q2 25
$17.2M
Q1 25
$5.7M
Q4 24
$112.0M
Q3 24
$-6.6M
$36.8M
Q2 24
$66.5M
Q1 24
$40.0M
Cash Conversion
BLDP
BLDP
SITC
SITC
Q4 25
0.15×
Q3 25
0.03×
Q2 25
0.37×
Q1 25
1.86×
Q4 24
Q3 24
0.11×
Q2 24
0.28×
Q1 24

Financial Flow Comparison

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

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