Plug Power (PLUG) Debt Ratio (2010 - 2026)
Plug Power (PLUG) reported Debt Ratio of 0.03 for Q1 2026, up 11686.89% year-over-year from N/an in Q1 2025, and down 74.81% on a QoQ basis from 0.12 in Q4 2025.
Plug Power (PLUG) has 17 years of Debt Ratio data on file, last reported at 0.03 in Q1 2026.
- Quarterly Debt Ratio rose 11686.89% year-over-year to 0.03 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.03 (up 11686.89% YoY) and the FY2025 annual result came in at 0.12, up 46054.0% from the prior year.
- Debt Ratio retreated to 0.03 in Q1 2026 per PLUG's latest filing, from 0.12 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.12 in Q4 2025 and bottomed at 0.0 in Q2 2023.
- The 5-year median for Debt Ratio is 0.0 (2024), against an average of 0.02.
- The widest annual swing landed in 2024, when Debt Ratio plunged 99.54%; it then jumped 46054.0% in 2025.
- Tracing PLUG's Debt Ratio over 5 years: stood at 0.0 in 2022, then soared by 6288.89% to 0.06 in 2023, then sank by 99.54% to 0.0 in 2024, then jumped by 46054.0% to 0.12 in 2025, then slumped by 74.81% to 0.03 in 2026.
- Per Business Quant, the three latest PLUG Debt Ratio figures stand at 0.03 (Q1 2026), 0.12 (Q4 2025), and 0.04 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 0.22 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | - |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 0.22 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 0.31 |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 0.22 |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | - |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 0.15 |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 0.28 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 0.03 |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 0.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.12 |
| Sep 30, 2025 | 0.04 |
| Jun 30, 2025 | 0.02 |
| Mar 31, 2025 | 0.00 |
| Dec 31, 2024 | 0.00 |
| Sep 30, 2024 | 0.00 |
| Jun 30, 2024 | 0.00 |
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.06 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | 0.00 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | 0.00 |
| Sep 30, 2021 | 0.00 |
| Jun 30, 2021 | 0.01 |
| Mar 31, 2021 | 0.00 |
| Dec 31, 2020 | 0.01 |
| Sep 30, 2020 | 0.06 |
| Jun 30, 2020 | 0.06 |
| Mar 31, 2020 | 0.04 |
| Dec 31, 2019 | 0.04 |
| Sep 30, 2019 | 0.04 |
| Jun 30, 2019 | 0.04 |
| Mar 31, 2019 | 0.24 |
| Dec 31, 2018 | 0.04 |
| Sep 30, 2018 | 0.07 |
| Jun 30, 2018 | 0.10 |
| Mar 31, 2018 | 0.09 |
| Dec 31, 2017 | 0.12 |
| Sep 30, 2017 | 0.15 |
| Jun 30, 2017 | 0.10 |
| Mar 31, 2017 | 0.11 |
| Dec 31, 2016 | 0.10 |
| Sep 30, 2016 | 0.11 |
| Jun 30, 2016 | 0.10 |
| Mar 31, 2016 | 0.11 |
| Dec 31, 2015 | 0.07 |
| Sep 30, 2015 | 0.05 |
| Jun 30, 2015 | 0.01 |
| Mar 31, 2015 | 0.01 |
| Dec 31, 2014 | 0.01 |
| Sep 30, 2014 | 0.01 |
| Jun 30, 2014 | 0.01 |
| Mar 31, 2014 | 0.03 |
| Dec 31, 2013 | 0.07 |
| Dec 31, 2012 | 0.09 |
| Sep 30, 2012 | 0.02 |
| Dec 31, 2011 | 0.10 |
| Dec 31, 2010 | 0.00 |