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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and Silence Therapeutics plc (SLN). 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 $15.7M, roughly 1.1× Silence Therapeutics plc). Ballard Power Systems Inc. runs the higher net margin — 994.4% vs -14.7%, a 1009.2% 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.

Silence Therapeutics is a London-based pharmaceutical company formed in 1994. The company has pioneered the development of short-interfering ribonucleic acid (siRNA) therapeutics for the treatment of rare diseases. Silence Therapeutics has offices in London, New Jersey, and Berlin, with its corporate headquarters located in Hammersmith, London.

BLDP vs SLN — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.1× larger
BLDP
$17.7M
$15.7M
SLN
Higher net margin
BLDP
BLDP
1009.2% more per $
BLDP
994.4%
-14.7%
SLN

Income Statement — Q3 FY2025 vs Q1 FY2024

Metric
BLDP
BLDP
SLN
SLN
Revenue
$17.7M
$15.7M
Net Profit
$176.5M
$-2.3M
Gross Margin
82.2%
Operating Margin
-35.6%
Net Margin
994.4%
-14.7%
Revenue YoY
Net Profit YoY
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
SLN
SLN
Q3 25
$17.7M
Q3 24
$-12.3M
Q1 24
$15.7M
Q1 22
$3.4M
Net Profit
BLDP
BLDP
SLN
SLN
Q3 25
$176.5M
Q3 24
Q1 24
$-2.3M
Q1 22
$-22.6M
Gross Margin
BLDP
BLDP
SLN
SLN
Q3 25
Q3 24
156.5%
Q1 24
82.2%
Q1 22
Operating Margin
BLDP
BLDP
SLN
SLN
Q3 25
Q3 24
Q1 24
-35.6%
Q1 22
Net Margin
BLDP
BLDP
SLN
SLN
Q3 25
994.4%
Q3 24
Q1 24
-14.7%
Q1 22
-659.1%
EPS (diluted)
BLDP
BLDP
SLN
SLN
Q3 25
Q3 24
Q1 24
$-0.02
Q1 22

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
SLN
SLN
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$156.8M
Total Assets
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
BLDP
BLDP
SLN
SLN
Q3 25
Q3 24
Q1 24
$156.8M
Q1 22

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
SLN
SLN
Operating Cash FlowLast quarter
$5.7M
$-9.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
SLN
SLN
Q3 25
$5.7M
Q3 24
$-6.6M
Q1 24
$-9.1M
Q1 22
$-26.0K
Capex Intensity
BLDP
BLDP
SLN
SLN
Q3 25
Q3 24
Q1 24
0.0%
Q1 22
Cash Conversion
BLDP
BLDP
SLN
SLN
Q3 25
0.03×
Q3 24
Q1 24
Q1 22

Financial Flow Comparison

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

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