Plug Power (PLUG) Asset Utilization Ratio (2011 - 2026)
Plug Power (PLUG) posted quarterly 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% quarter-over-quarter from 0.25 in Q4 2025.
Plug Power (PLUG) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Asset Utilization Ratio for 16 consecutive years, with 0.3 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio rose 67.96% year-over-year to 0.3; the TTM figure through Mar 2026 stood at 0.3 (up 67.96% YoY), while the FY2025 annual figure was 0.23, up 54.95% from the prior year.
- Asset Utilization Ratio improved 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.
- Historically, Asset Utilization Ratio has averaged 0.16 across 5 years, with a median of 0.16 in 2023.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio declined 29.76% — and 2026, when it soared 67.96%.
- Plug Power's Asset Utilization Ratio stood at 0.12 in 2022, then soared by 42.64% to 0.17 in 2023, then fell by 12.28% to 0.15 in 2024, then soared by 64.96% to 0.25 in 2025, then gained by 19.67% to 0.3 in 2026.
- Business Quant data shows PLUG's Asset Utilization Ratio at 0.3 in Q1 2026, 0.25 in Q4 2025, and 0.21 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 0.78 |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 0.60 |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 0.61 |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 1.35 |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 0.68 |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 1.00 |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 0.89 |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 0.95 |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 0.33 |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 0.37 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.33 |
| 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 |