Growth Metrics

Plug Power (PLUG) Equity Ratio (2016 - 2025)

Plug Power (PLUG) has disclosed Equity Ratio for 16 consecutive years, with 0.39 as the latest value for Q4 2025.

  • On a quarterly basis, Equity Ratio fell 22.93% to 0.39 in Q4 2025 year-over-year; TTM through Dec 2025 was 0.39, a 22.93% decrease, with the full-year FY2025 number at 0.39, down 22.93% from a year prior.
  • Equity Ratio was 0.39 for Q4 2025 at Plug Power, down from 0.48 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.85 in Q1 2021 to a low of 0.39 in Q4 2025.
  • A 5-year average of 0.66 and a median of 0.66 in 2023 define the central range for Equity Ratio.
  • Peak YoY movement for Equity Ratio: soared 414.16% in 2021, then fell 24.72% in 2025.
  • Plug Power's Equity Ratio stood at 0.77 in 2021, then fell by 9.0% to 0.7 in 2022, then decreased by 16.08% to 0.59 in 2023, then decreased by 15.12% to 0.5 in 2024, then dropped by 22.93% to 0.39 in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Equity Ratio are 0.39 (Q4 2025), 0.48 (Q3 2025), and 0.53 (Q2 2025).