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PLUG POWER INC PLUG

Nasdaq · stock · Electrical Industrial Apparatus · website · IPO 1999-10-28 · LEI

PLUG POWER INC statistics & valuation

Market cap$3.5B
P / S5.0×
P / B3.5×
Net margin-229.8%
Return on equity-162.6%
FCF margin-91.1%
Return on capital-74%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-66.90% -123.10% -49.10% -36.40% -91.60% -103.20% -153.60% -334.70% -229.80% 2016201720182019202020212022202320242025
Gross margin (%)
4.60% -27.20% -14.90% 4.60% -34.10% -27.70% -57.00% -99.40% -34.10% 2016201720182019202020212022202320242025
Operating margin (%)
-60.00% -98.60% -43.90% -20.70% -87.10% -96.90% -150.70% -321.20% -206.70% 2016201720182019202020212022202320242025
Return on equity (%)
-67.60% -181.00% -64.50% -40.60% -10.00% -17.80% -47.20% -116.40% -162.60% 2016201720182019202020212022202320242025
Shares outstanding
191.1M 228.5M 219.2M 303.4M 458.1M 577.7M 590.3M 595.5M 785.0M 1.15B 2016201720182019202020212022202320242025
Net debt ($)
-$25.2M -$11.5M -$38.5M -$681.6M -$131.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-23.90% -46.90% -21.90% -12.70% -26.50% -7.70% -12.60% -27.90% -58.40% -62.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-37.70% -62.20% -36.40% -25.70% -105.60% -180.40% -198.80% -161.50% -91.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.24× 0.19× 0.00× 0.00× 2016201720182019202020212022202320242025
EPS ($)
-$0.36 -$1.68 -$0.82 -$1.25 -$2.30 -$2.68 -$1.42 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin-34.1%-99.4%-57.0%-27.7%-34.1%503.5%4.6%-14.9%-27.2%4.6%
Operating margin-206.7%-321.2%-150.7%-96.9%-87.1%626.6%-20.7%-43.9%-98.6%-60.0%
Net margin-229.8%-334.7%-153.6%-103.2%-91.6%639.4%-36.4%-49.1%-123.1%-66.9%
FCF margin-91.1%-161.5%-198.8%-180.4%-105.6%190.9%-25.7%-36.4%-62.2%-37.7%
Return on assets-62.9%-58.4%-27.9%-12.6%-7.7%-26.5%-12.7%-21.9%-46.9%-23.9%
Return on equity-162.6%-116.4%-47.2%-17.8%-10.0%-40.6%-64.5%2386.0%-181.0%-67.6%
Debt / equity——0.00×0.00×———-0.04×0.19×0.24×
Current ratio2.311.971.855.2010.587.212.341.061.031.67

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.