Skip to content

Plug Power PLUG Operating margin

Operating margin at other companies

Bloom Energy logo
Bloom EnergyBE
6.7%+3.3pp
Fluor logo
FluorFLR
-1.6%
Franklin Electric logo
Franklin ElectricFELE
12.5%+0.6pp
Chart Industries logo
Chart IndustriesGTLS
6.2%-10.1pp
KBR logo
KBRKBR
9.8%+1.0pp
Caterpillar logo
CaterpillarCAT
16.5%-2.7pp

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow-$150.0M-42.1%
CapEx$2.4M-94.0%
Free cash flow-$152.4M-4.4%

Valuation

See full
Market cap$3.98B+140%
Enterprise value$4.02B+135%
P/S5.4×+2.8×

Profitability

See full
Gross margin-26.4%-10.7pp
Net margin-227.1%-48.7pp
FCF margin-88.3%-23.9pp

Returns & leverage

See full
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.

Based on trailing twelve months.

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

Ask your AI about Plug Power's operating margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Plug Power's operating margin?
Plug Power (PLUG) reported operating margin of -189% in Q1 2026.
How has Plug Power's operating margin changed year-over-year?
Plug Power's operating margin increased by 37.4% year-over-year, from -301.9% to -189%.
What is the long-term trend for Plug Power's operating margin?
Over 5 years (2020 to 2025), Plug Power's operating margin has grown at a -19.9% compound annual growth rate (CAGR), from 626.6% to -206.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.