Plug Power (PLUG) Debt to Equity (2010 - 2026)
Plug Power (PLUG) reported Debt to Equity of $0.09 for Q1 2026, up 19084.96% year-over-year from N/an in Q1 2025, and down 70.94% on a QoQ basis from $0.32 in Q4 2025.
Plug Power (PLUG) has 17 years of Debt to Equity data on file, last reported at $0.09 in Q1 2026.
- Quarterly Debt to Equity rose 19084.96% year-over-year to $0.09 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $0.09 (up 19084.96% YoY) and the FY2025 annual result came in at $0.32, up 61332.62% from the prior year.
- Debt to Equity retreated to $0.09 in Q1 2026 per PLUG's latest filing, from $0.32 in the prior quarter.
- Across five years, Debt to Equity topped out at $0.32 in Q4 2025 and bottomed at $0.0 in Q2 2023.
- The 5-year median for Debt to Equity is $0.0 (2024), against an average of $0.04.
- The widest annual swing landed in 2024, when Debt to Equity slumped 99.46%; it then soared 61332.62% in 2025.
- Tracing PLUG's Debt to Equity over 5 years: stood at $0.0 in 2022, then soared by 7512.92% to $0.1 in 2023, then tumbled by 99.46% to $0.0 in 2024, then jumped by 61332.62% to $0.32 in 2025, then plunged by 70.94% to $0.09 in 2026.
- Per Business Quant, the three latest PLUG Debt to Equity figures stand at $0.09 (Q1 2026), $0.32 (Q4 2025), and $0.08 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 0.69 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | - |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 0.41 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 0.68 |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 0.41 |
| 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 | 0.25 |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 0.58 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 0.09 |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 0.59 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.09 |
| Dec 31, 2025 | 0.32 |
| Sep 30, 2025 | 0.08 |
| Jun 30, 2025 | 0.04 |
| 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 | 0.10 |
| 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 | 0.02 |
| Sep 30, 2020 | 0.13 |
| Jun 30, 2020 | 0.22 |
| Mar 31, 2020 | 0.27 |
| Dec 31, 2019 | 0.20 |
| Sep 30, 2019 | -0.89 |
| Jun 30, 2019 | -1.01 |
| Mar 31, 2019 | -12.05 |
| Dec 31, 2018 | -4.72 |
| Sep 30, 2018 | 1.45 |
| Jun 30, 2018 | 1.02 |
| Mar 31, 2018 | 0.56 |
| Dec 31, 2017 | 0.46 |
| Sep 30, 2017 | 0.46 |
| Jun 30, 2017 | 0.24 |
| Mar 31, 2017 | 0.39 |
| Dec 31, 2016 | -0.02 |
| Sep 30, 2016 | 0.25 |
| Jun 30, 2016 | 0.23 |
| Mar 31, 2016 | 0.21 |
| Dec 31, 2015 | 0.12 |
| Sep 30, 2015 | 0.06 |
| Jun 30, 2015 | 0.02 |
| Mar 31, 2015 | 0.02 |
| Dec 31, 2014 | 0.02 |
| Sep 30, 2014 | 0.01 |
| Jun 30, 2014 | 0.01 |
| Mar 31, 2014 | 0.05 |
| Dec 31, 2013 | -0.14 |
| Dec 31, 2012 | 0.22 |
| Sep 30, 2012 | 0.04 |
| Dec 31, 2011 | 0.19 |
| Dec 31, 2010 | 0.00 |