PLUG vs NEWH vs CVX Stock Comparison

Plug Power, NewHydrogen and Chevron Prices as of Oct 23, 2026 Peers: Industry group
PLUG Plug Power Inc
$1.38 -32.4% 1M -52.1% 1Y
Market cap
$1.94B
P/E
–
Revenue (TTM)
$744.09M
Div. yield
–
Hydrogen Energy
1 win
NEWH NewHydrogen, Inc.
$0.02 +100.0% 1M -50.0% 1Y
Market cap
$15.48M
P/E
–
Revenue (TTM)
—
Div. yield
–
Hydrogen Energy
CVX Chevron Corp
$233.24 +13.5% 1M +49.0% 1Y
Market cap
$458.03B
P/E
22.2x
Revenue (TTM)
$215.26B
Div. yield
0.03%
Integrated Oil and Gas Energy
8 wins

Head to Head

9 decided of 12

Chevron leads on 8 of the 12 questions below (Chevron 8, Plug Power 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPLUGNEWHCVXLeader
Larger companyMarket capitalisation $1.94B $15.48M $458.03B CVX
Cheaper on earningsLower P/E, profitable companies only -1.2x -4.4x 22.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 14.5x –
Faster revenue growthRevenue growth, trailing twelve months +10.6% — +10.2% PLUG
More profitableNet margin, trailing twelve months -220.6% — 9.6% CVX
Better return on capitalReturn on invested capital -188.4% — -25.4% CVX
Less leveragedLower net debt / EBITDA 0.1x — -0.5x CVX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.03% –
Better 1-year returnPrice return, last 12 months -52.1% -50.0% +49.0% CVX
Better 5-year returnAnnualised price return, 5 years -46.9%/yr 0.0%/yr +15.6%/yr CVX
Less volatileAnnualised volatility, 1 year 78.1% 274.0% 23.9% CVX
Higher overall scoreMean of the five percentile scores vs peers 23/100 33/100 55/100 CVX

Percentile Scorecard

PLUGNEWHCVX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPLUGNEWHCVX
Valuation 0 #11 of 11 10 #10 of 11 25 #75 of 99
Growth 70 #4 of 11 10 #10 of 11 80 #20 of 97
Profitability 0 #9 of 9 – 38 #60 of 96
Financial Health 20 #9 of 11 80 #3 of 11 64 #37 of 102
Shareholder Returns – – 69 #24 of 76
Overall 23 33 55
  • PLUG ranked among 11 companies in Renewable Fuels
  • NEWH ranked among 11 companies in Renewable Fuels
  • CVX ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPLUGNEWHCVXSPY
1 month -32.4%+100.0%+13.5% -1.0%
3 months -34.0%+100.0%+19.8% +2.9%
6 months -56.1%-50.0%+25.9% +6.4%
Year to date -29.9%0.0%+53.0% +11.4%
1 year -52.1%-50.0%+49.0% +13.1%
3 years -78.1%+100.0%+48.9% +79.4%
3 years, per year -39.7%+26.0%+14.2% +21.5%
5 years -95.8%0.0%+106.8% +67.7%
5 years, per year -46.9%0.0%+15.6% +10.9%
10 years -14.8%-77.8%+130.2% +255.2%
10 years, per year -1.6%-14.0%+8.7% +13.5%

Risk

MeasurePLUGNEWHCVXSPY
Volatility, 1Y 78.1%274.0%23.9% 12.7%
Downside volatility, 1Y 70.2%857.0%24.0% 12.7%
Beta vs S&P 500, 1Y 2.25-0.09-0.61 1.00
Return / volatility, 1Y -0.67-0.182.05 1.03
Max drawdown, 5Y -98.4%-83.3%-28.9% -25.4%
From 52-week high -66.7%-50.0%0.0% -2.5%
52-week high $4.14$0.04$233.24 $779.14
52-week low $1.37$0.01$146.75 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePLUGNEWHCVX
P/E now vs peer median -1.2xmedian 10.9x -4.5xmedian 10.9x 22.3xmedian 13.1x
P/S now vs peer median 2.6xmedian 1.2x —median 1.2x 2.1xmedian 2.0x
EV/EBITDA now vs peer median -1.4xmedian 14.0x -4.5xmedian 14.0x -7.7xmedian 5.7x
P/FCF now vs peer median -3.4xmedian 14.1x -6.6xmedian 14.1x 17.1xmedian 11.1x
P/B now vs peer median 3.3xmedian 1.1x -6.2xmedian 1.1x 2.4xmedian 1.5x
PEG now vs peer median -0.21median 0.19 -0.17median 0.19 -1.66median 2.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPLUGNEWHCVX
Revenue $744.09M – $215.26B
Gross profit -$138.00M – $97.64B
Operating income -$1.29B -$3.49M -$86.98B
Net income -$1.71B -$3.49M $20.97B
Free cash flow -$560.50M -$2.45M $27.01B
R&D $53.94M $1.04M $1.07B
EPS (diluted) $-1.18 $0.00 $10.43
Cash & equivalents $161.90M $739.53K $8.53B
Total debt $65.78M – $37.08B
Shares (diluted) 1.39B 789.92M 1.98B
Enterprise value $1.02B $11.29M $430.15B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPLUGNEWHCVX
P/E -1.2x -4.5x 22.3x
P/FCF -3.4x -6.6x 17.1x
P/Operating cash flow -4.0x -6.6x 10.2x
P/S 2.6x – 2.1x
P/B 3.3x -6.2x 2.4x
P/Tangible book 3.4x -6.1x 2.4x
EV/EBITDA -1.4x -4.5x -7.7x
EV/EBIT -1.4x -4.5x -5.6x
EV/Revenue 2.4x – 2.3x
EV/FCF -3.2x -6.3x 18.1x
EV/Operating cash flow -3.7x -6.3x 10.8x
PEG (3Y EPS CAGR) -0.21 -0.17 -1.66

Growth

14 metrics
MetricPLUGNEWHCVX
Revenue growth (1Y) 10.6% – 10.2%
Revenue CAGR (3Y) -5.4% – -1.1%
Gross profit growth (1Y) 70.1% – 23.2%
Gross profit CAGR (3Y) 20.4% – 1.6%
Operating income growth (1Y) 31.3% -73.9% 7.3%
Operating income CAGR (3Y) -15.4% 24.5% 0.3%
Net income growth (1Y) 13.3% -74.3% 52.1%
Net income CAGR (3Y) -26.9% 24.5% -11.5%
EPS growth (1Y) 32.5% -55.7% 31.1%
EPS CAGR (3Y) 5.5% 27.3% -13.5%
Operating cash flow growth (1Y) 20.0% -39.7% 41.0%
Operating cash flow CAGR (3Y) 22.8% -21.4% 3.2%
Free cash flow growth (1Y) 31.6% -39.7% 67.8%
Free cash flow CAGR (3Y) 30.6% -21.4% -0.8%

Profitability

14 metrics
MetricPLUGNEWHCVX
Gross margin -18.5% – 45.4%
EBITDA margin -168.2% – -29.5%
Operating margin -172.8% – -40.4%
Pretax margin -229.0% – 14.2%
Net margin -220.6% – 9.6%
FCF margin -75.3% – 12.5%
Operating cash flow margin -64.9% – 21.1%
Return on equity -251.3% – 10.9%
Return on assets -75.0% -439.4% 6.4%
Return on invested capital -188.4% – -25.4%
Return on capital employed -72.0% -443.1% -29.9%
Asset turnover 0.3x – 0.7x
Cash conversion (OCF / net income) 0.3x 0.7x 2.2x
Stock comp / revenue 7.2% – –

Financial Health

11 metrics
MetricPLUGNEWHCVX
Debt / assets 0.0% – 11.2%
Debt / equity 0.0x – 0.2x
Net debt / EBITDA 0.1x – -0.5x
Debt / FCF 0.0x – 1.4x
Liabilities / assets 73.2% 426.6% 40.8%
Equity / assets 26.8% -326.6% 59.2%
Interest coverage -17.9x – -60.9x
Current ratio 2.3x 123.3x 1.3x
Quick ratio 0.8x 114.7x 1.3x
Cash ratio 0.3x 114.7x 0.2x
Altman Z-score -6.07 – 2.77

Shareholder Returns

7 metrics
MetricPLUGNEWHCVX
Dividend yield – – 3.0%
Net buyback yield -2.5% – 2.1%
Shareholder yield -2.5% – 5.2%
Payout ratio (earnings) – – 66.1%
Payout ratio (FCF) – – 51.3%
Dividend growth (1Y) – – 18.1%
Dividend CAGR (3Y) – – 7.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPLUGNEWHCVX
Forward P/E – – 14.5xFY2026
EPS, next fiscal year $-0.41FY2026 – $16.10FY2026
EPS growth, next FY – – +120.9%FY2026
EPS growth, the year after – – -4.1%
Revenue, next fiscal year $799.33MFY2026 – $256.14BFY2026
Revenue growth, next FY +12.6%FY2026 – +35.5%FY2026
Revenue growth, the year after +28.0% – -10.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPLUGNEWHCVX
Held by institutions 58.3% – 74.1%
Institutions holding 508 – 4,130
Change in shares held, QoQ +8.0% – +1.8%
Institutions buying 276 – 1,965
Institutions selling 105 – 1,730
Buyers to sellers 2.63 – 1.14

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PLUGNEWHCVX
PLUG 1.00 0.05 -0.11
NEWH 0.05 1.00 -0.01
CVX -0.11 -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PLUG, NEWH and CVX?

Chevron (CVX) is the largest by market capitalisation: Plug Power (PLUG) $1.94B, NewHydrogen (NEWH) $15.48M, Chevron (CVX) $458.03B.

Which company is growing faster?

Plug Power (PLUG) grew revenue fastest over the trailing twelve months: Plug Power (PLUG) +10.6%, Chevron (CVX) +10.2%.

Which company is more profitable?

Chevron (CVX) has the highest net margin (Plug Power (PLUG) -220.6%, Chevron (CVX) 9.6%). On return on invested capital, Chevron (CVX) leads (Plug Power (PLUG) -188.4%, Chevron (CVX) -25.4%).

Which stock has performed better?

Over the past year Chevron (CVX) returned the most: Plug Power (PLUG) -52.1%, NewHydrogen (NEWH) -50.0%, Chevron (CVX) +49.0%. Over five years, Chevron (CVX) compounded fastest (Plug Power (PLUG) -46.9%/yr, NewHydrogen (NEWH) 0.0%/yr, Chevron (CVX) +15.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Plug Power (PLUG) 0.00%, NewHydrogen (NEWH) 0.00%, Chevron (CVX) 0.03%. Plug Power (PLUG) and NewHydrogen (NEWH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Chevron (CVX) has been the steadiest (Plug Power (PLUG) 78.1%, NewHydrogen (NEWH) 274.0%, Chevron (CVX) 23.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PLUG, NEWH and CVX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Chevron (CVX) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.