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
DateValue
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