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Friday 6 November 2026 Export PLUG’s income statement to Excel — free account

Plug Power, Inc.

PLUG Industrials Electrical Equipment & Parts

Plug Power, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $709.9 million, up 12.9% from fiscal 2024.

Revenue
+2.49%
EPS
+30.0%
Free cash flow
+56.9%
Total debt
+52.6%

Quarter to June 2026, against a year earlier

1.41 0.06 +4.44%
Market cap
$1.9B
P/E
0.0×
Fwd P/E
−3.5×
Dividend yield
—
F-score
4/9
Altman Z
−4.81
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Plug Power, Inc. (PLUG) Current ratio

Alert me on Current ratio

Plug Power, Inc.'s current ratio at the end of the quarter to 30 June 2026 was 2.3×, up 0.0× from fiscal 2025 (2.3×). Over the past ten years it has ranged from 1.0× (fiscal 2017) to 10.6× (fiscal 2021); the current reading is higher than 55% of that period. That is in line with the Electrical Equipment & Parts industry median of 2.3× and above the Industrials sector median of 1.8×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 2.3× 17.01%
FY2024 2.0× 6.58%
FY2023 1.9× (64.40%)
FY2022 5.2× (50.81%)
FY2021 10.6× 46.72%
FY2020 7.2× 207.92%
FY2019 2.3× 120.22%
FY2018 1.1× 2.86%
FY2017 1.0× (38.05%)
FY2016 1.7× (45.70%)

Quarterly newest first

Period Current ratio Change
Jun 2026 2.3× (1.55%)
Mar 2026 2.4× 2.07%
Dec 2025 2.3× 75.04%
Sep 2025 1.3× (17.09%)
42 more quarters

Against its own ten years

Low 1.0× High 10.6×
Ten-year median 2.3×
Current reading's percentile 55

Current ratio against peers

Company Current ratio
FCEL FuelCell Energy, Inc. compare 8.7×
AMPX Amprius Technologies, Inc. compare 7.2×
HAYW Hayward Holdings, Inc. compare 3.3×
PLPC Preformed Line Products Company compare 2.9×
PLUG Plug Power, Inc. 2.3×
ENR Energizer Holdings, Inc. compare 2.1×
POWL Powell Industries, Inc. compare 2.0×
TE T1 Energy Inc compare 1.3×
FOIL Londian Wason New Energy Tech Inc. - Sponsored ADR compare —
Electrical Equipment & Parts industry median 2.3×
Industrials sector median 1.8×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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