Plug Power (PLUG) EBIT Margin (2010 - 2026)
Plug Power (PLUG) posted EBIT Margin of -35.96% for Q2 2026, up 65.76 percentage points from -101.71% a year earlier and up 31.01 percentage points from the prior quarter.
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Analysis
Plug Power (PLUG) EBIT Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBIT Margin at Plug Power was -172.77%, up 105.32 percentage points year-over-year; for FY2025, it was -206.70%, up 114.52 percentage points from FY2024.
- Annual EBIT Margin shows a five-year change of +419.88 percentage points (FY2020 to FY2025).
- In prior years, Plug Power's EBIT Margin was -321.21% in FY2024 (-170.48 pp), -150.73% in FY2023 (-53.85 pp), -96.88% in FY2022 (-9.82 pp) and -87.06% in FY2021 (+539.52 pp).
- The Q2 2026 figure stands as the highest quarterly EBIT Margin since Q4 2019.
- On a year-over-year basis, EBIT Margin has increased in each of the last three quarters, with an average year-over-year change of +20.90 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBIT Margin in the past five years was Q4 2025, with a gain of 339.88 percentage points; the weakest was Q4 2024, with a drop of 397.01 percentage points.
- According to Business Quant data, EBIT Margin for the three prior quarters was -66.96% (Q1 2026), -338.87% (Q4 2025) and -196.99% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | -35.96% |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 22.36% |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 15.21% |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | -0.14% |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | -4.82% |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | -369.25% |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | -3.61% |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | 9.21% |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -35.96% |
| Mar 31, 2026 | -66.96% |
| Dec 31, 2025 | -338.87% |
| Sep 30, 2025 | -196.99% |
| Jun 30, 2025 | -101.71% |
| Mar 31, 2025 | -133.50% |
| Dec 31, 2024 | -678.75% |
| Sep 30, 2024 | -124.43% |
| Jun 30, 2024 | -170.68% |
| Mar 31, 2024 | -215.70% |
| Dec 31, 2023 | -281.74% |
| Sep 30, 2023 | -137.87% |
| Jun 30, 2023 | -89.88% |
| Mar 31, 2023 | -99.77% |
| Dec 31, 2022 | -105.89% |
| Sep 30, 2022 | -84.69% |
| Jun 30, 2022 | -97.12% |
| Mar 31, 2022 | -98.83% |
| Dec 31, 2021 | -123.99% |
| Sep 30, 2021 | -68.55% |
API Access
Plug Power EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();