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PLUG POWER INC
Nasdaq · CIK 1093691
Last close1.9
Daily change+0.01 (0.53%)
10 Years gain+9.20%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
PLUG · STANDARD
SIC 3620 · Electrical Industrial Apparatus · Fiscal year end 1231
Fundamental
24.1Momentum
100.0Acceleration
100.0Confidence
75.0Annual Revenue17
Quarterly Revenue68
Annual CFO15
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth10.1 / 25
Quality4.7 / 25
Capital Efficiency3.3 / 20
Balance Sheet6.0 / 15
Shareholder Economics0.0 / 10
Forward Indicators0.0 / 5
Signals
Gross margin expansionGross margin improved by 52.8751 percentage points.
Operating leverageOperating margin improved by 56.4492 percentage points.
Warnings
Heavy share dilution · HIGHDiluted share count increased 47.0987%.
Low interest coverage · HIGHInterest coverage is -10.4943x.
Key Metrics
Revenue Growth TTM21.33%OK
Revenue CAGR 3Y0.4%OK
Gross Margin-28.42%OK
Operating Margin-100.94%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC-55.77%OK
Incremental Operating Margin 3Y-227%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y47.1%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $709.92M | -$242.04M | -$1.47B | -$535.84M | -$647.00M | -34.09% | -206.7% | -91.14% | -108.43% | 1.15B |
| 2025 FY Dec 31, 2024 | $628.81M | -$624.89M | -$2.02B | -$728.64M | -$1.02B | -99.38% | -321.21% | -161.53% | -74.29% | 785.02M |
| 2025 FY Dec 31, 2023 | $891.34M | -$507.79M | -$1.34B | -$1.11B | -$1.77B | -56.97% | -150.73% | -198.78% | -44.11% | 595.47M |
| 2024 FY Dec 31, 2022 | $701.44M | -$194.36M | -$679.55M | -$828.62M | -$1.27B | -27.71% | -96.88% | -180.38% | -36.46% | 579.72M |
| 2023 FY Dec 31, 2021 | $502.34M | -$171.31M | -$437.32M | -$358.18M | -$530.34M | -34.1% | -87.06% | -105.57% | -64.02% | 558.18M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $692.84M | sum latest 4 fiscal quarters Revenue | OK | 0001104659-26-093454, 0001104659-25-109279 |
| Revenue Growth TTM | 21.33% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001104659-26-093454, 0001104659-25-109279 |
| Revenue CAGR 3Y | 0.4% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001104659-26-022286 |
| Revenue CAGR 5Y | n/a | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | INSUFFICIENT_HISTORY | 0001104659-26-022286 |
| Gross Profit CAGR 3Y | n/a | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | INSUFFICIENT_HISTORY | 0001104659-26-022286 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001104659-26-093454, 0001104659-25-109279 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | -28.42% | Gross Profit / Revenue | OK | 0001104659-26-093454, 0001104659-25-109279 |
| Operating Margin | -100.94% | Operating Income / Revenue | OK | 0001104659-26-093454, 0001104659-25-109279 |
| ROIC | -55.77% | NOPAT / Average Invested Capital | OK | 0001104659-26-093454, 0001104659-25-109279 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001104659-26-093454 |
| Interest Coverage | -10.49x | Operating Income / abs(Interest Expense) | OK | derived |
| Current Ratio | 2.32x | Current Assets / Current Liabilities | OK | derived |
| Revenue per Diluted Share | $0.50 | Revenue / Diluted Shares | OK | 0001104659-26-093454, 0001104659-25-109279 |