Ballard Power Systems (BLDP) vs Varex Imaging (VREX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Varex Imaging (VREX) has outperformed Ballard Power Systems (BLDP) over the past year, gaining 59.5% versus a loss of 44.9%. Over five years, VREX leads with a -30.7% price change compared with -87.3% for BLDP. Varex Imaging is the larger company by market cap ($784.3 million vs $681.1 million), about 1.2 times the size.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BLDP | VREX |
|---|---|---|
| Share price | $1.94 | $18.47 |
| Market cap | $681.12M | $784.30M |
| 1-day change | -3.00% | +0.16% |
| YTD return | -21.26% | +58.28% |
| 1-year return | -44.90% | +59.52% |
| 5-year return | -87.32% | -30.70% |
| P/E ratio (TTM) | — | 34.85 |
| Forward P/E | — | 17.26 |
| EPS (TTM) | $-0.26 | $0.53 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $6.57 | $18.63 |
| 52-week low | $1.92 | $9.09 |
| Distance from 52-week high | -70.47% | -0.86% |
| Analyst consensus | hold | none |
| Avg. price target upside | +88.14% | +2.33% |
| Average volume | 3.92M | 831.04K |
| Shares outstanding | 351.09M | 42.46M |
| Employees | 492 | 2,500 |
| Sector | Energy | Technology |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- VREX has outperformed BLDP by 104.4 percentage points over the past year.
- The two companies sit in different sectors: Ballard Power Systems in Energy and Varex Imaging in Technology.
About Ballard Power Systems
BLDP stock →Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products.
Energy · Industrial Machinery/Components · 492 employees
About Varex Imaging
VREX stock →Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial.
Technology · Industrial Machinery/Components · 2,500 employees
BLDP vs VREX FAQ
Which is bigger, Ballard Power Systems or Varex Imaging?
Varex Imaging (VREX) is larger, with a market capitalization of $784.30M compared with $681.12M for Ballard Power Systems (BLDP).
Which stock has performed better over the past year, BLDP or VREX?
VREX returned +59.52% over the past 12 months, compared with -44.90% for BLDP (price return, excluding dividends). Past performance does not predict future results.
Are Ballard Power Systems and Varex Imaging in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Energy sector.