PLUG POWER INC (PLUG)

2.17USD +2.84% (+0.06)

Over 6M: -0.5%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

2 3 4
Mar Apr May Jun Jul Aug Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '25 — Gross Profit: -120.2M Q3 '25 — Operating Income: -348.8M Q3 '25 — Operating Cash Flow: -89.8M Q4 '25 — Gross Profit: 5.5M Q4 '25 — Operating Income: -763.2M Q4 '25 — Operating Cash Flow: -148.6M Q1 '26 — Gross Profit: -21.6M Q1 '26 — Operating Income: -109.5M Q1 '26 — Operating Cash Flow: -150M Q2 '26 — Gross Profit: -1.7M Q2 '26 — Operating Income: -64.1M Q2 '26 — Operating Cash Flow: -94.1M -600M -400M -200M 0 200M
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Gross Profit Operating Income Operating Cash Flow

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

1.9
SBC / sales 7.2%
Adj. EBITDA margin -162.2%
OE margin -77.5%
Oper. margin -172.8%
ROIC -1626.2%
Accruals -52.9%
Asset turnover 0.34×
Capex / sales 5.5%
EBITDA margin -169.3%
FCF margin -70.3%
Gross margin -18.5%
OCF margin -64.9%
Profit margin -220.6%
ROA -74.9%
ROCE -75.7%
ROE -282.1%
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

5.5
EV/Sales 3.4×
EV/OE -4.3×
P/C 5.5×
P/B 5.2×
FCF yield -17.3%
Div. yield —
EV/EBIT —
EV/GP —
Fwd P/E —
P/E —
PEG —
Shareholder yield —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.6
RPO / sales 0.9×
Cash-flow margin stability 101.9 pp
Gross margin stability across years 207.8 pp
Revenue growth in the worst year on record -638.8%
Prepaid revenue growth 105.9%
RPO growth -14.5%
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

6.3
ND/EBITDA 0.21
Current ratio 2.6×
Interest cover -17.9×
Cash / Debt 17.6×
Debt / Eq 0.054×
Debt payback 0.0 yr
Net debt / Eq 0.0×
Quick ratio 1.3×
Cash runway 0.99 yr
Equity / Assets 26.5%
F-score 4.5 pts
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.0
Most recent margin move 78.7
Sales CAGR 4Y +9.0%
Operating margin trend -21.7
Sales/sh Y/Y -24.3%
Sales Q/Q +2.5%
Gross profit Y/Y -61.3%
Shares change +46.1%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.