Market cap
$3,172 Mln
Revenue (TTM)
$744 Mln
P/E Ratio
--
P/B Ratio
5.5
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 9.04 | 2.49 | 10.59 | -5.43 | 18.54 |
| EBIT | 24.33 | 18.69 | 15.09 | -152.54 | -245.90 |
| Net Profit | 23.05 | 16.53 | 19.72 | -47.09 | -141.07 |
| EPS | 23.36 | 32.89 | 36.02 | 1.61 | -197.54 |
| Book Value | -- | -- | -55.51 | -50.51 | -7.99 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -235.48 | -178.03 | -219.29 | -229.35 | -327.75 |
| Net Margin
| -- | -99.77 | -220.59 | -- | -- |
| Return on equity
| -83.51 | -56.99 | -202.64 | -120.31 | -90.87 |
| Return on Capital
| -53.40 | -37.63 | -- | -68.15 | -61.57 |
| Return on Assets
| -42.60 | -30.55 | -43.60 | -52.65 | -49.49 |
| Debt to Equity (x)
| -- | -- | 0.00 | 1.02 | 0.62 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
-68.15
|
-61.57
|
-30.48
|
-13.96
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-202.64
Lower than Peers by 199.10
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
-202.64
|
-120.31
|
-90.87
|
-39.34
|
-16.71
|
|
Peer Median
|
-3.53
|
--
|
--
|
--
|
--
|
ROA
-43.60
Lower than Peers by 40.84
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
-43.60
|
-52.65
|
-49.49
|
-25.66
|
-12.36
|
|
Peer Median
|
-2.77
|
--
|
--
|
--
|
--
|
EBIT Margin
-219.29
Lower than Peers by 205.99
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
-219.29
|
-229.35
|
-327.75
|
-149.33
|
-97.53
|
|
Peer Median
|
-13.30
|
--
|
--
|
--
|
--
|
Net Margin
-220.59
Lower than Peers by 194.94
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
-220.59
|
-229.83
|
-334.71
|
-153.57
|
-106.79
|
|
Peer Median
|
-25.65
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
10.59
Higher than Peers by 8.06
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
10.59
|
0.13
|
-0.29
|
0.27
|
0.40
|
|
Peer Median
|
2.53
|
--
|
--
|
--
|
--
|
EBIT Growth
15.09
Higher than Peers by 24.41
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
15.09
|
21.00
|
-54.84
|
-94.55
|
-58.02
|
|
Peer Median
|
-9.32
|
--
|
--
|
--
|
--
|
Net Profit Growth
19.72
Higher than Peers by 45.88
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
19.72
|
22.48
|
-53.76
|
-89.06
|
-57.41
|
|
Peer Median
|
-26.16
|
--
|
--
|
--
|
--
|
EPS Growth
36.02
Higher than Peers by 34.17
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
36.02
|
0.39
|
-0.02
|
-0.82
|
-0.56
|
|
Peer Median
|
1.84
|
--
|
--
|
--
|
--
|
Book Value Growth
-71.98
Lower than Peers by 73.66
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
-71.98
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1.68
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
1.02
|
0.62
|
0.39
|
0.22
|
|
Peer Median
|
0.48
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.11
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
0.11
|
0.16
|
0.13
|
0.11
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.32
Higher than Peers by 0.26
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
2.32
|
2.31
|
1.97
|
1.85
|
5.20
|
|
Peer Median
|
2.07
|
--
|
--
|
--
|
--
|
Quick Ratio
1.32
Lower than Peers by 0.18
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
1.32
|
1.46
|
1.06
|
0.86
|
4.19
|
|
Peer Median
|
1.50
|
--
|
--
|
--
|
--
|
Interest Coverage
-22.68
Lower than Peers by 22.81
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
-22.68
|
-25.00
|
-44.21
|
-29.45
|
-17.53
|
|
Peer Median
|
0.13
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
16.91
Lower than Peers by 7.63
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
16.91
|
33.81
|
39.96
|
41.52
|
27.36
|
|
Peer Median
|
24.54
|
--
|
--
|
--
|
--
|
Asset Turnover
0.20
Lower than Peers by 0.03
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
0.20
|
0.23
|
0.15
|
0.17
|
0.12
|
|
Peer Median
|
0.23
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
126.39
|
180.46
|
115.14
|
84.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
230.90
|
239.46
|
209.74
|
186.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
74.73
|
69.72
|
58.70
|
65.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
282.57
|
350.21
|
266.18
|
205.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
-1.40
|
-0.92
|
-1.99
|
-9.96
|
|
Peer Median
|
48.24
|
--
|
--
|
--
|
--
|
Price / Book Value
5.45
Higher than Peers by 3.41
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
5.45
|
2.33
|
1.12
|
0.94
|
1.78
|
|
Peer Median
|
2.04
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
-2.23
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
-2.23
|
-1.72
|
-1.43
|
-3.60
|
-9.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
3,172
Higher than Peers by 2,982
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Plug Power (PLUG)
|
3,172
|
--
|
--
|
--
|
--
|
|
Peer Median
|
190
|
--
|
--
|
--
|
--
|