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Plug Power PLUG Enterprise value

Enterprise value at other companies

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$38.23B+669%
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$12.58B+44.9%
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$4.56B-2.4%
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Franklin ElectricFELE
$4.37B-4.7%
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$13.53B+33.6%
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KBRKBR
$7.18B-24.2%

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%
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×
Current ratio2.4×+0.4×

Where this comes from

Calculated from Plug Power’s reported figures.

$3.2Bmarket cap+$263.3Mtotal debt−$223.2Mcash and equivalents=$3.19B

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 enterprise value?
Plug Power (PLUG) reported enterprise value of $3.19B in Q1 2026.
How has Plug Power's enterprise value changed year-over-year?
Plug Power's enterprise value increased by 135.4% year-over-year, from $1.36B to $3.19B.
What is the long-term trend for Plug Power's enterprise value?
Over 5 years (2020 to 2025), Plug Power's enterprise value has grown at a -30.3% compound annual growth rate (CAGR), from $16.24B to $2.68B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.