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Plug Power PLUG Return on invested capital

Return on invested capital at other companies

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-50.9%+222pp
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Bloom EnergyBE
24.7%+18.5pp
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-656%-1,291pp
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Franklin ElectricFELE
12.1%0.0pp
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15.4%+0.7pp
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Richardson ElectronicsRELL
4.3%

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

Calculated from Plug Power’s reported figures.

Based on trailing twelve months.

The source filing: Plug Power’s 10-Q, filed May 11, 2026. Open the filing →

Filed
May 11, 2026, 4:48 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058712

FAQ

What is Plug Power's return on invested capital?
Plug Power (PLUG) reported return on invested capital of -103.9% in Q1 2026.
How has Plug Power's return on invested capital changed year-over-year?
Plug Power's return on invested capital decreased by 35.3% year-over-year, from -76.8% to -103.9%.
What is the long-term trend for Plug Power's return on invested capital?
Over 5 years (2020 to 2025), Plug Power's return on invested capital has grown at a -15.2% compound annual growth rate (CAGR), from -238.6% to -104.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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