What is Plug Power's current ratio?

Plug Power (PLUG) reported current ratio of 2.4× in Q1 2026.

How has Plug Power's current ratio changed year-over-year?

Plug Power's current ratio increased by 21.2% year-over-year, from 1.9× to 2.4×.

What is the long-term trend for Plug Power's current ratio?

Over 5 years (2020 to 2025), Plug Power's current ratio has grown at a -20.4% compound annual growth rate (CAGR), from 7.2× to 2.3×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Plug Power PLUG Current ratio

Current ratio at other companies

Bloom EnergyBE

5×+1.6×

Generac HoldingsGNRC

2×+0.1×

FluorFLR

1.8×0.0×

Franklin ElectricFELE

2.7×+0.7×

Chart IndustriesGTLS

1.5×0.0×

KBRKBR

1.2×0.0×

Other financials

Income statement

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Revenue$163.5M+22.3%

Gross profit-$21.6M+70.7%

Operating income-$109.5M+38.6%

Net income-$245.3M-24.7%

EPS (diluted)-$0.18+14.3%

Balance sheet

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Cash & equivalents$223.2M-24.6%

Total debt$263.3M-22.5%

Total equity$749.8M-59.6%

Total assets$2.4B-34.8%

Cash flow

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Operating cash flow-$150.0M-42.1%

CapEx$2.4M-94.0%

Free cash flow-$152.4M-4.4%

Valuation

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Market cap$3.98B+140%

Enterprise value$4.02B+135%

P/S5.4×+2.8×

Profitability

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Gross margin-26.4%-10.7pp

Operating margin-189%-51.4pp

Net margin-227.1%-48.7pp

FCF margin-88.3%-23.9pp

Returns & leverage

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Return on equity-128.9%+150pp

Debt / equity0.4×+0.2×

Where this comes from

Calculated from Plug Power’s reported figures.

total current assets/total current liabilities=2.4×

Based on the most recent quarter.

The official record: Plug Power’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plug Power's current ratio?: Plug Power (PLUG) reported current ratio of 2.4× in Q1 2026.
How has Plug Power's current ratio changed year-over-year?: Plug Power's current ratio increased by 21.2% year-over-year, from 1.9× to 2.4×.
What is the long-term trend for Plug Power's current ratio?: Over 5 years (2020 to 2025), Plug Power's current ratio has grown at a -20.4% compound annual growth rate (CAGR), from 7.2× to 2.3×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.