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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Plug Power (PLUG) EBITDA Margin (2016 - 2025)

Plug Power (PLUG) has disclosed EBITDA Margin for 16 consecutive years, with 338.87% as the latest value for Q4 2025.

  • On a quarterly basis, EBITDA Margin fell 48675.0% to 338.87% in Q4 2025 year-over-year; TTM through Dec 2025 was 206.7%, a 14312.0% decrease, with the full-year FY2025 number at 203.12%, down 13954.0% from a year prior.
  • EBITDA Margin was 338.87% for Q4 2025 at Plug Power, down from 196.99% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 197.55% in Q4 2023 to a low of 338.87% in Q4 2025.
  • A 5-year average of 96.44% and a median of 99.43% in 2025 define the central range for EBITDA Margin.
  • Peak YoY movement for EBITDA Margin: plummeted -51125bps in 2021, then skyrocketed 30094bps in 2023.
  • Plug Power's EBITDA Margin stood at 122.94% in 2021, then grew by 16bps to 103.39% in 2022, then surged by 291bps to 197.55% in 2023, then dropped by -25bps to 147.89% in 2024, then tumbled by -329bps to 338.87% in 2025.
  • Per Business Quant, the three most recent readings for PLUG's EBITDA Margin are 338.87% (Q4 2025), 196.99% (Q3 2025), and 101.71% (Q2 2025).