Plug Power (PLUG) Equity Ratio (2010 - 2026)
Plug Power (PLUG) reported Equity Ratio of 0.33 for Q1 2026, down 38.56% year-over-year from 0.53 in Q1 2025, and down 13.31% on a QoQ basis from 0.38 in Q4 2025.
Plug Power (PLUG) has 17 years of Equity Ratio data on file, last reported at 0.33 in Q1 2026.
- Quarterly Equity Ratio fell 38.56% year-over-year to 0.33 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.33 (down 38.56% YoY) and the FY2025 annual result came in at 0.38, down 24.87% from the prior year.
- Equity Ratio declined to 0.33 in Q1 2026 per PLUG's latest filing, from 0.38 in the prior quarter.
- Across five years, Equity Ratio topped out at 0.77 in Q1 2022 and bottomed at 0.33 in Q1 2026.
- The 5-year median for Equity Ratio is 0.63 (2024), against an average of 0.6.
- The widest annual swing landed in 2024, when Equity Ratio declined 0.39%; it then slumped 38.56% in 2026.
- Tracing PLUG's Equity Ratio over 5 years: stood at 0.7 in 2022, then declined by 16.08% to 0.59 in 2023, then declined by 15.12% to 0.5 in 2024, then slipped by 24.87% to 0.38 in 2025, then retreated by 13.31% to 0.33 in 2026.
- Per Business Quant, the three latest PLUG Equity Ratio figures stand at 0.33 (Q1 2026), 0.38 (Q4 2025), and 0.48 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 0.32 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 0.20 |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 0.55 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 0.45 |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 0.53 |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 0.60 |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 0.62 |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 0.48 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 0.33 |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 0.51 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.33 |
| Dec 31, 2025 | 0.38 |
| Sep 30, 2025 | 0.48 |
| Jun 30, 2025 | 0.53 |
| Mar 31, 2025 | 0.53 |
| Dec 31, 2024 | 0.50 |
| Sep 30, 2024 | 0.64 |
| Jun 30, 2024 | 0.63 |
| Mar 31, 2024 | 0.60 |
| Dec 31, 2023 | 0.59 |
| Sep 30, 2023 | 0.64 |
| Jun 30, 2023 | 0.67 |
| Mar 31, 2023 | 0.69 |
| Dec 31, 2022 | 0.70 |
| Sep 30, 2022 | 0.72 |
| Jun 30, 2022 | 0.76 |
| Mar 31, 2022 | 0.77 |
| Dec 31, 2021 | 0.77 |
| Sep 30, 2021 | 0.82 |
| Jun 30, 2021 | 0.83 |
| Mar 31, 2021 | 0.85 |
| Dec 31, 2020 | 0.65 |
| Sep 30, 2020 | 0.43 |
| Jun 30, 2020 | 0.26 |
| Mar 31, 2020 | 0.17 |
| Dec 31, 2019 | 0.20 |
| Sep 30, 2019 | -0.04 |
| Jun 30, 2019 | -0.04 |
| Mar 31, 2019 | -0.02 |
| Dec 31, 2018 | -0.01 |
| Sep 30, 2018 | 0.05 |
| Jun 30, 2018 | 0.09 |
| Mar 31, 2018 | 0.17 |
| Dec 31, 2017 | 0.26 |
| Sep 30, 2017 | 0.31 |
| Jun 30, 2017 | 0.43 |
| Mar 31, 2017 | 0.29 |
| Dec 31, 2016 | -4.89 |
| Sep 30, 2016 | 0.42 |
| Jun 30, 2016 | 0.45 |
| Mar 31, 2016 | 0.52 |
| Dec 31, 2015 | 0.60 |
| Sep 30, 2015 | 0.73 |
| Jun 30, 2015 | 0.77 |
| Mar 31, 2015 | 0.79 |
| Dec 31, 2014 | 0.78 |
| Sep 30, 2014 | 0.77 |
| Jun 30, 2014 | 0.77 |
| Mar 31, 2014 | 0.48 |
| Dec 31, 2013 | -0.51 |
| Sep 30, 2013 | 0.06 |
| Jun 30, 2013 | 0.19 |
| Mar 31, 2013 | 0.21 |
| Dec 31, 2012 | 0.38 |
| Sep 30, 2012 | 0.51 |
| Jun 30, 2012 | 0.63 |
| Mar 31, 2012 | 0.67 |
| Dec 31, 2011 | 0.52 |
| Sep 30, 2011 | 0.67 |
| Jun 30, 2011 | 0.70 |
| Dec 31, 2010 | 0.73 |