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

Plug Power, Inc. (PLUG) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Plug Power, Inc. (PLUG) trades at a EV/FCF of −4.6×. Over the past ten years it has ranged from −139× (January 2021) to −0.9× (May 2025); the current reading is higher than 75% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 −3.7× —
FY2024 −1.9× —
FY2023 −1.7× —
FY2022 −4.2× —
FY2021 −23.2× —
FY2020 −61.5× —
FY2019 −15.0× —
FY2018 −7.6× —
FY2017 −9.2× —
FY2016 −7.1× —

Quarterly newest first

Period EV/FCF Change
Jun 2026 −8.2× —
Mar 2026 −5.4× —
Dec 2025 −3.7× —
Sep 2025 −4.4× —
42 more quarters

Against its own ten years

Low −139× High −0.9×
Ten-year median −7.3×
Current reading's percentile 75

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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