Plug Power PLUG Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | -34.9%+64.5pp | -99.4%-42.4pp | -57%-29.3pp | -27.7%+6.4pp | |
| Operating margin | -206.7%+115pp | -321.2%-170pp | -150.7%-53.9pp | -96.9%-9.8pp | |
| Net margin | -229.8%+105pp | -334.7%-181pp | -153.6%-50.4pp | -103.2%-11.7pp | |
| EBITDA margin | -200.4%+107pp | -307.8%-165pp | -142.8%-53.2pp | -89.5%-7.1pp | |
| Free cash flow margin | -91.1%+70.4pp | -161.5%+37.2pp | -198.8%-18.4pp | -180.4%-74.8pp | |
| Returns | |||||
| Return on equity | -120.3%-29.4pp | -90.9%-51.5pp | -39.3%-22.6pp | -16.7%-1.6pp | |
| Return on assets | -52.7%-3.2pp | -49.5%-23.8pp | -25.7%-13.3pp | -12.4%-1.1pp | |
| Return on invested capital | -104.7%-24.8pp | -79.9%-41.0pp | -38.9%-16.7pp | -22.2%+10.5pp | |
| Efficiency | |||||
| Asset turnover | 0.2×+0.1× | 0.1×0.0× | 0.2×0.0× | 0.1×0.0× | |
| Inventory turnover | 1.6×+0.1× | 1.5×-0.2× | 1.7×-0.2× | 2×-1.3× | |
| Liquidity | |||||
| Current ratio | 2.3×+0.3× | 2×+0.1× | 1.9×-3.4× | 5.2×-5.4× | |
| Quick ratio | 1.5×+0.4× | 1.1×+0.2× | 0.9×-3.3× | 4.2×-5.8× | |
| Cash ratio | 0.6×+0.3× | 0.3×+0.1× | 0.1×-0.9× | 1.1×-4.8× | |
| Leverage | |||||
| Debt-to-equity | 0.3×+0.1× | 0.2×+0.1× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Interest coverage | -22.5×+20.8× | -43.3×-13.6× | -29.7×-12.3× | -17.4×-7.3× | |
| Per Share | |||||
| Book value per share | $0.85-61.4% | $2.21-54.6% | $4.87-30.5% | $7.00-15.1% | |
| Valuation | |||||
| Market capitalization | $2.74B+41.3% | $1.94B-28.8% | $2.73B-62.2% | $7.21B-55.8% | |
| Enterprise value | $2.68B+27.7% | $2.1B-30.0% | $3B-56.5% | $6.89B-51.0% | |
| Price / sales | 3.9×+0.8× | 3.1×0.0× | 3.1×-7.2× | 10.3×-22.2× | |
| Price / book | 2.8×+1.7× | 1.1×+0.2× | 0.9×-0.8× | 1.8×-1.8× | |
| EV / sales | 3.8×+0.4× | 3.3×0.0× | 3.4×-6.5× | 9.8×-18.2× | |
| Free cash flow yield | -23.6%+28.7pp | -52.3%+12.6pp | -65%-47.4pp | -17.5%-14.3pp | |
| Earnings yield | -59.5%+48.9pp | -108.4%-58.3pp | -50.2%-40.1pp | -10%-7.2pp |
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.