Plug Power PLUG Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | -26.4%+8.5pp | -34.9%+36.4pp | -71.3%-2.6pp | -68.6%+15.4pp | -84%+15.3pp | |
| Operating margin | -189%+17.7pp | -206.7%+89.6pp | -296.3%-18.2pp | -278.1%+23.8pp | -301.9%+19.3pp | |
| Net margin | -227.1%+2.7pp | -229.8%+83.9pp | -313.7%-20.8pp | -292.8%+19.4pp | -312.3%+22.4pp | |
| Returns | ||||||
| Return on equity | -128.9%-8.6pp | -120.3%-24.9pp | -95.4%-11.0pp | -84.4%-0.6pp | -83.8%+7.1pp | |
| Return on invested capital | -103.9%+0.7pp | -104.7%-22.3pp | -82.4%-10.1pp | -72.3%+4.6pp | -76.8%+3.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.2×+0.1× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Liquidity | ||||||
| Current ratio | 2.4×0.0× | 2.3×+1.0× | 1.3×-0.3× | 1.6×-0.4× | 1.9×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.4×0.0× | 0.3×+0.1× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Per Share | ||||||
| Book value per share | $0.54-36.7% | $0.85-30.3% | $1.22-18.0% | $1.49-24.0% | $1.96-11.1% | |
| Valuation | ||||||
| Market capitalization | $3.15B+14.9% | $2.74B+1.0% | $2.71B+104% | $1.33B+1.4% | $1.31B-32.4% | |
| Price / sales | 4.3×+0.4× | 3.9×-0.2× | 4×+2.0× | 2×-0.1× | 2×-1.0× | |
| Price / book | 4.2×+1.4× | 2.8×+0.9× | 1.9×+1.1× | 0.8×+0.1× | 0.7×-0.4× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Plug Power's profit margins?
- Plug Power (PLUG) runs a -26.4% gross margin and a -189.0% operating margin, with a -227.1% net margin.
- Where do Plug Power's ratios come from?
- Every ratio is computed from Plug Power's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.