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

Insider buying

1.36 0.10 −6.85%

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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

Plug Power, Inc. (PLUG) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Plug Power, Inc. (PLUG) trades at a P/S ratio of 2.5×. Over the past ten years it has ranged from 0.0× (September 2021) to 817× (November 2021); the current reading is higher than 19% of that period. That is above the Electrical Equipment & Parts industry median of 2.3× and above the Industrials sector median of 1.5×.

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<iframe src="https://stockrow.com/embed/PLUG/ps-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Plug Power, Inc. P/S ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/PLUG/metrics/ps-ratio">Plug Power, Inc. (PLUG) P/S ratio — stockrow.com</a></p>

Period	P/S ratio	Change
FY2025	3.2×	19.66%
FY2024	2.7×	(13.28%)
FY2023	3.1×	(69.54%)
FY2022	10.1×	(67.91%)
FY2021	31.4×	—
FY2020	0.0×	—
FY2019	3.3×	109.17%
FY2018	1.6×	(70.20%)
FY2017	5.2×	98.09%
FY2016	2.6×	(26.63%)

Period	P/S ratio	Change
Jun 2026	5.1×	19.35%
Mar 2026	4.2×	33.42%
Dec 2025	3.2×	(20.29%)
Sep 2025	4.0×	60.01%
42 more quarters	Free account

Against its own ten years

Low 0.0× High 817×

Ten-year median 3.8×

Current reading's percentile 15

Company	P/S ratio
ENR Energizer Holdings, Inc. compare	0.6×
TE T1 Energy Inc compare	0.7×
PLPC Preformed Line Products Company compare	1.7×
PLUG Plug Power, Inc.	2.5×
HAYW Hayward Holdings, Inc. compare	2.9×
POWL Powell Industries, Inc. compare	4.0×
FCEL FuelCell Energy, Inc. compare	4.1×
AMPX Amprius Technologies, Inc. compare	10.0×
FOIL Londian Wason New Energy Tech Inc. - Sponsored ADR compare	—
Electrical Equipment & Parts industry median	2.3×
Industrials sector median	1.5×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

Plug Power, Inc. (PLUG) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on PLUG

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on PLUG

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