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Side-by-side financial comparison of Ballard Power Systems Inc. (BLDP) and UNION BANKSHARES INC (UNB). 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 $14.1M, roughly 1.3× UNION BANKSHARES INC).

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.

Atlantic Union Bankshares Corporation is a bank holding company based in Richmond, Virginia and is the parent company of Atlantic Union Bank, a regional bank. It operates 129 branches in Virginia, Maryland, and North Carolina and is the largest bank headquartered in Virginia. It is on the list of largest banks in the United States.

BLDP vs UNB — Head-to-Head

Bigger by revenue
BLDP
BLDP
1.3× larger
BLDP
$17.7M
$14.1M
UNB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLDP
BLDP
UNB
UNB
Revenue
$17.7M
$14.1M
Net Profit
$176.5M
Gross Margin
Operating Margin
Net Margin
994.4%
Revenue YoY
6.3%
Net Profit YoY
EPS (diluted)
$0.59

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
UNB
UNB
Q4 25
$14.1M
Q3 25
$17.7M
$14.5M
Q2 25
$13.2M
Q1 25
$12.7M
Q4 24
$13.2M
Q3 24
$-12.3M
$11.0M
Q2 24
$12.2M
Q1 24
$11.6M
Net Profit
BLDP
BLDP
UNB
UNB
Q4 25
Q3 25
$176.5M
$3.4M
Q2 25
$2.4M
Q1 25
$2.5M
Q4 24
Q3 24
$1.3M
Q2 24
$2.0M
Q1 24
$2.4M
Gross Margin
BLDP
BLDP
UNB
UNB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
156.5%
Q2 24
Q1 24
Net Margin
BLDP
BLDP
UNB
UNB
Q4 25
Q3 25
994.4%
23.7%
Q2 25
18.1%
Q1 25
19.7%
Q4 24
Q3 24
12.0%
Q2 24
16.5%
Q1 24
20.9%
EPS (diluted)
BLDP
BLDP
UNB
UNB
Q4 25
$0.59
Q3 25
$0.75
Q2 25
$0.52
Q1 25
$0.55
Q4 24
$0.65
Q3 24
$0.29
Q2 24
$0.45
Q1 24
$0.53

Balance Sheet & Financial Strength

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

Metric
BLDP
BLDP
UNB
UNB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$80.9M
Total Assets
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
BLDP
BLDP
UNB
UNB
Q4 25
$80.9M
Q3 25
$77.7M
Q2 25
$71.3M
Q1 25
$70.1M
Q4 24
$66.5M
Q3 24
$72.3M
Q2 24
$64.0M
Q1 24
$63.8M
Total Assets
BLDP
BLDP
UNB
UNB
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B

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
UNB
UNB
Operating Cash FlowLast quarter
$5.7M
$17.2M
Free Cash FlowOCF − Capex
$16.0M
FCF MarginFCF / Revenue
113.6%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$29.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLDP
BLDP
UNB
UNB
Q4 25
$17.2M
Q3 25
$5.7M
$9.7M
Q2 25
$288.0K
Q1 25
$4.1M
Q4 24
$12.2M
Q3 24
$-6.6M
$1.3M
Q2 24
$3.3M
Q1 24
$1.9M
Free Cash Flow
BLDP
BLDP
UNB
UNB
Q4 25
$16.0M
Q3 25
$9.6M
Q2 25
$-381.0K
Q1 25
$3.9M
Q4 24
$11.1M
Q3 24
$1.1M
Q2 24
$2.9M
Q1 24
$1.5M
FCF Margin
BLDP
BLDP
UNB
UNB
Q4 25
113.6%
Q3 25
65.9%
Q2 25
-2.9%
Q1 25
30.8%
Q4 24
83.8%
Q3 24
9.7%
Q2 24
23.8%
Q1 24
12.8%
Capex Intensity
BLDP
BLDP
UNB
UNB
Q4 25
8.9%
Q3 25
1.1%
Q2 25
5.1%
Q1 25
1.1%
Q4 24
8.1%
Q3 24
1.9%
Q2 24
2.7%
Q1 24
3.3%
Cash Conversion
BLDP
BLDP
UNB
UNB
Q4 25
Q3 25
0.03×
2.83×
Q2 25
0.12×
Q1 25
1.62×
Q4 24
Q3 24
0.97×
Q2 24
1.61×
Q1 24
0.77×

Financial Flow Comparison

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

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