Growth Metrics

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

Plug Power (PLUG) has disclosed Equity Ratio for 16 consecutive years, with 0.38 as the latest value for Q4 2025.

  • Quarterly Equity Ratio fell 21.68% to 0.38 in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 0.38 through Dec 2025, down 21.68% year-over-year, with the annual reading at 0.38 for FY2025, 21.68% down from the prior year.
  • Equity Ratio for Q4 2025 was 0.38 at Plug Power, down from 0.46 in the prior quarter.
  • The five-year high for Equity Ratio was 0.85 in Q1 2021, with the low at 0.38 in Q4 2025.
  • Average Equity Ratio over 5 years is 0.65, with a median of 0.66 recorded in 2023.
  • The sharpest move saw Equity Ratio skyrocketed 414.16% in 2021, then dropped 28.83% in 2025.
  • Over 5 years, Equity Ratio stood at 0.77 in 2021, then dropped by 9.0% to 0.7 in 2022, then fell by 16.08% to 0.59 in 2023, then dropped by 18.57% to 0.48 in 2024, then decreased by 21.68% to 0.38 in 2025.
  • According to Business Quant data, Equity Ratio over the past three periods came in at 0.38, 0.46, and 0.53 for Q4 2025, Q3 2025, and Q2 2025 respectively.