Plug Power (PLUG) Asset Utilization Ratio (2011 - 2026)
Plug Power (PLUG) reported Asset Utilization Ratio of 0.3 for Q1 2026, up 67.96% year-over-year from 0.18 in Q1 2025, and up 19.67% on a QoQ basis from 0.25 in Q4 2025.
Plug Power (PLUG) has 16 years of Asset Utilization Ratio data on file, last reported at 0.3 in Q1 2026.
- Quarterly Asset Utilization Ratio rose 67.96% year-over-year to 0.3 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.3 (up 67.96% YoY) and the FY2025 annual result came in at 0.23, up 54.95% from the prior year.
- Asset Utilization Ratio advanced to 0.3 in Q1 2026 per PLUG's latest filing, from 0.25 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.3 in Q1 2026 and bottomed at 0.1 in Q1 2022.
- The 5-year median for Asset Utilization Ratio is 0.16 (2023), against an average of 0.16.
- The widest annual swing landed in 2022, when Asset Utilization Ratio slipped 29.76%; it then jumped 67.96% in 2026.
- Tracing PLUG's Asset Utilization Ratio over 5 years: stood at 0.12 in 2022, then soared by 42.64% to 0.17 in 2023, then slipped by 12.28% to 0.15 in 2024, then soared by 64.96% to 0.25 in 2025, then grew by 19.67% to 0.3 in 2026.
- Per Business Quant, the three latest PLUG Asset Utilization Ratio figures stand at 0.3 (Q1 2026), 0.25 (Q4 2025), and 0.21 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 0.85 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 0.54 |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 0.63 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 0.72 |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 0.74 |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 1.00 |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 1.00 |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 0.93 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 0.30 |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 0.37 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.30 |
| Dec 31, 2025 | 0.25 |
| Sep 30, 2025 | 0.21 |
| Jun 30, 2025 | 0.19 |
| Mar 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.15 |
| Sep 30, 2024 | 0.14 |
| Jun 30, 2024 | 0.14 |
| Mar 31, 2024 | 0.16 |
| Dec 31, 2023 | 0.17 |
| Sep 30, 2023 | 0.16 |
| Jun 30, 2023 | 0.16 |
| Mar 31, 2023 | 0.14 |
| Dec 31, 2022 | 0.12 |
| Sep 30, 2022 | 0.11 |
| Jun 30, 2022 | 0.10 |
| Mar 31, 2022 | 0.10 |
| Dec 31, 2021 | 0.09 |
| Sep 30, 2021 | 0.11 |
| Jun 30, 2021 | 0.11 |
| Mar 31, 2021 | 0.14 |
| Dec 31, 2020 | 0.29 |
| Sep 30, 2020 | 0.27 |
| Jun 30, 2020 | 0.34 |
| Mar 31, 2020 | 0.39 |
| Dec 31, 2019 | 0.41 |
| Sep 30, 2019 | 0.46 |
| Jun 30, 2019 | 0.51 |
| Mar 31, 2019 | 0.45 |
| Dec 31, 2018 | 0.49 |
| Sep 30, 2018 | 0.49 |
| Jun 30, 2018 | 0.44 |
| Mar 31, 2018 | 0.39 |
| Dec 31, 2017 | 0.37 |
| Sep 30, 2017 | 0.35 |
| Jun 30, 2017 | 0.33 |
| Mar 31, 2017 | 0.32 |
| Dec 31, 2016 | 0.27 |
| Sep 30, 2016 | 0.32 |
| Jun 30, 2016 | 0.25 |
| Mar 31, 2016 | 0.17 |
| Dec 31, 2015 | 0.16 |
| Sep 30, 2015 | 0.02 |
| Jun 30, 2015 | 0.02 |
| Mar 31, 2015 | 0.08 |
| Dec 31, 2014 | 0.09 |
| Sep 30, 2014 | 0.08 |
| Jun 30, 2014 | 0.11 |
| Mar 31, 2014 | 0.07 |
| Dec 31, 2013 | 0.15 |
| Sep 30, 2013 | 0.14 |
| Jun 30, 2013 | 0.15 |
| Mar 31, 2013 | 0.32 |
| Dec 31, 2012 | 0.36 |
| Sep 30, 2012 | 0.32 |
| Jun 30, 2012 | 0.27 |
| Mar 31, 2012 | 0.14 |
| Dec 31, 2011 | 0.00 |
| Sep 30, 2011 | 0.01 |