Plug Power (PLUG) EBIT (2010 - 2026)
Plug Power (PLUG) reported EBIT of -$109.5 million for Q1 2026, up 38.65% year-over-year from -$79.0 million in Q1 2025, and up 85.65% quarter-over-quarter from -$763.2 million in Q4 2025.
Plug Power (PLUG) EBIT (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of EBIT data on file, last reported at -$109.5 million in Q1 2026.
- EBIT for Q1 2026 came in at -$109.5 million, up 38.65% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.4 billion (up 27.88% YoY), and the FY2025 annual result was -$1.5 billion, up 27.35% from the prior year.
- EBIT rose to -$109.5 million in Q1 2026 per PLUG's latest filing, from -$763.2 million in the prior quarter.
- Over five years, EBIT peaked at -$109.5 million in Q1 2026 and troughed at -$1.3 billion in Q4 2024.
- A 5-year average of -$330.6 million and a median of -$233.7 million in 2022 frame the typical range for EBIT.
- The sharpest annual moves came in 2022 and 2025: EBIT sank 188.23% in 2022, then soared 41.27% in 2025.
- A 5-year view of EBIT shows it stood at -$233.7 million in 2022, then slumped by 167.79% to -$625.9 million in 2023, then tumbled by 107.63% to -$1.3 billion in 2024, then soared by 41.27% to -$763.2 million in 2025, then soared by 85.65% to -$109.5 million in 2026.
- Business Quant data shows PLUG's EBIT at -$109.5 million in Q1 2026, -$763.2 million in Q4 2025, and -$348.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 440.10 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 72.20 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 195.70 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 263.80 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 68.30 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 57.58 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -11.26 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 133.00 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | -109.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -109.49 Mn |
| Dec 31, 2025 | -763.19 Mn |
| Sep 30, 2025 | -348.79 Mn |
| Jun 30, 2025 | -176.95 Mn |
| Mar 31, 2025 | -178.46 Mn |
| Dec 31, 2024 | -1.30 Bn |
| Sep 30, 2024 | -216.17 Mn |
| Jun 30, 2024 | -244.67 Mn |
| Mar 31, 2024 | -259.41 Mn |
| Dec 31, 2023 | -625.91 Mn |
| Sep 30, 2023 | -273.97 Mn |
| Jun 30, 2023 | -233.84 Mn |
| Mar 31, 2023 | -209.80 Mn |
| Dec 31, 2022 | -233.73 Mn |
| Sep 30, 2022 | -159.75 Mn |
| Jun 30, 2022 | -146.91 Mn |
| Mar 31, 2022 | -139.16 Mn |
| Dec 31, 2021 | -200.74 Mn |
| Sep 30, 2021 | -98.66 Mn |
| Jun 30, 2021 | -89.64 Mn |