stockrowPlug 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
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Plug Power, Inc. (PLUG) Gross margin
Plug Power, Inc.'s gross margin over the twelve months to 30 June 2026 was −18.6%, up 15.5 percentage points from fiscal 2025 (−34.1%). Over the past ten years it has ranged from −99.4% (fiscal 2024) to 503.5% (fiscal 2020); the current reading is higher than 36% of that period. That is below the Electrical Equipment & Parts industry median of 29.9% and below the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | −34.1% | 65.29 |
| FY2024 | −99.4% | (42.41) |
| FY2023 | −57.0% | (29.26) |
| FY2022 | −27.7% | 6.39 |
| FY2021 | −34.1% | (537.57) |
| FY2020 | 503.5% | 498.84 |
| FY2019 | 4.63% | 19.56 |
| FY2018 | −14.9% | 13.12 |
| FY2017 | −28.1% | (32.81) |
| FY2016 | 4.76% | 14.34 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | −0.94% | 12.27 |
| Mar 2026 | −13.2% | (15.63) |
| Dec 2025 | 2.42% | 70.29 |
| Sep 2025 | −67.9% | (37.14) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| HAYW Hayward Holdings, Inc. compare | 48.0% |
| ENR Energizer Holdings, Inc. compare | 36.8% |
| PLPC Preformed Line Products Company compare | 32.4% |
| POWL Powell Industries, Inc. compare | 30.1% |
| AMPX Amprius Technologies, Inc. compare | 22.3% |
| TE T1 Energy Inc compare | 8.35% |
| PLUG Plug Power, Inc. | −18.6% |
| FCEL FuelCell Energy, Inc. compare | −32.4% |
| FOIL Londian Wason New Energy Tech Inc. - Sponsored ADR compare | — |
| Electrical Equipment & Parts industry median | 29.9% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on PLUG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement