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Plug Power PLUG Liquefaction Systems — Production Capacity Tons Per Day

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SLBProduction Systems — Goodwill
$3.84B
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SLBProduction Systems — Revenue
$3.77B+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$2.89B+72.4%
Enterprise value$2.93B+56.5%
P/S3.9×+1.4×

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

Reported directly by Plug Power in its filing.

Tagged under the XBRL concept plug:ProductionCapacityTonsPerDay.

The source filing: Plug Power’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 4:30 PM EST
Fiscal year
FY2025
Accession
0001104659-26-022286

Liquefaction Systems: Plug’s 15 ton-per-day and 30 ton-per-day liquefiers are engineered for high efficiency, reliability, and operational flexibility — providing consistent liquid hydrogen to customers. This design increases plant reliability and availability while minimizing parasitic losses like heat leak and seal gas losses.

Item 16. Form 10-K Summary

FAQ

What is Plug Power's liquefaction systems — production capacity tons per day?
Plug Power (PLUG) reported liquefaction systems — production capacity tons per day of 7.5 in Q4 2025.
What does liquefaction systems — production capacity tons per day mean?
This metric represents the maximum daily output volume of hydrogen liquefaction infrastructure within the specified business segment. It serves as a key indicator of the company's operational scale and its ability to meet market demand for liquid hydrogen storage and distribution. Tracking this capacity helps investors assess the segment's throughput potential and the effectiveness of capital investments in hydrogen production facilities.

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