Plug Power (PLUG) EBITDA Margin (2010 - 2026)
Plug Power (PLUG) reported EBITDA Margin of 66.96% for Q1 2026, up 6654.0% year-over-year from 0.99% in Q1 2025, and up 80.24% quarter-over-quarter from 338.87% in Q4 2025.
Plug Power (PLUG) EBITDA Margin (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of EBITDA Margin data on file, last reported at 66.96% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 66.96%, up 6654.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 189.04% (up 10801.0% YoY), and the FY2025 annual result was 203.12%, up 11129.0% from the prior year.
- EBITDA Margin grew to 66.96% in Q1 2026 per PLUG's latest filing, from 338.87% in the prior quarter.
- Over five years, EBITDA Margin peaked at 66.96% in Q1 2026 and troughed at 675.87% in Q4 2024.
- A 5-year average of 174.61% and a median of 117.17% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin sank 39877 bps in 2024, then jumped 33701 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 103.39% in 2022, then plunged by 168 bps to 277.1% in 2023, then tumbled by 144 bps to 675.87% in 2024, then jumped by 50 bps to 338.87% in 2025, then soared by 80 bps to 66.96% in 2026.
- Business Quant data shows PLUG's EBITDA Margin at 66.96% in Q1 2026, 338.87% in Q4 2025, and 196.99% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 16.61% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 9.61% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 11.72% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 17.39% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 13.37% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 19.41% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 34.48% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 11.13% |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | -66.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -675.87% |
| Sep 30, 2024 | -117.17% |
| Jun 30, 2024 | -161.54% |
| Mar 31, 2024 | -206.05% |
| Dec 31, 2023 | -277.10% |
| Sep 30, 2023 | -132.74% |
| Jun 30, 2023 | -87.07% |
| Mar 31, 2023 | -97.15% |
| Dec 31, 2022 | -103.39% |
| Sep 30, 2022 | -81.83% |
| Jun 30, 2022 | -93.48% |
| Mar 31, 2022 | -96.99% |
| Dec 31, 2021 | -122.94% |
| Sep 30, 2021 | -67.23% |
| Jun 30, 2021 | -70.68% |