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
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Plug Power, Inc. (PLUG) Operating margin
Plug Power, Inc.'s operating margin over the twelve months to 30 June 2026 was −172.8%, up 33.9 percentage points from fiscal 2025 (−206.7%). Over the past ten years it has ranged from −321.2% (fiscal 2024) to 626.6% (fiscal 2020); the current reading is higher than 18% of that period. That is below the Electrical Equipment & Parts industry median of 0.00% and below the Industrials sector median of 5.21%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | −206.7% | 114.51 |
| FY2024 | −321.2% | (170.48) |
| FY2023 | −150.7% | (53.85) |
| FY2022 | −96.9% | (9.82) |
| FY2021 | −87.1% | (713.64) |
| FY2020 | 626.6% | 647.28 |
| FY2019 | −20.7% | 23.18 |
| FY2018 | −43.9% | 57.76 |
| FY2017 | −101.6% | (39.43) |
| FY2016 | −62.2% | (5.09) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | −36.0% | 31.00 |
| Mar 2026 | −67.0% | 271.91 |
| Dec 2025 | −338.9% | (141.88) |
| Sep 2025 | −197.0% | (95.28) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| HAYW Hayward Holdings, Inc. compare | 21.6% |
| POWL Powell Industries, Inc. compare | 19.7% |
| ENR Energizer Holdings, Inc. compare | 10.6% |
| PLPC Preformed Line Products Company compare | 10.1% |
| TE T1 Energy Inc compare | −22.4% |
| AMPX Amprius Technologies, Inc. compare | −37.7% |
| FCEL FuelCell Energy, Inc. compare | −116.3% |
| PLUG Plug Power, Inc. | −172.8% |
| FOIL Londian Wason New Energy Tech Inc. - Sponsored ADR compare | — |
| Electrical Equipment & Parts industry median | 0.00% |
| Industrials sector median | 5.21% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on PLUG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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