Plug Power (PLUG) FCF Margin (2010 - 2026)
Plug Power's (PLUG) quarterly FCF Margin came in at 93.23% in Q1 2026, down 1006.0% year-on-year from 10.29% in Q1 2025, and down 36.96% on a QoQ basis from 68.07% in Q4 2025.
Plug Power (PLUG) FCF Margin (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of FCF Margin data on file, last reported at 93.23% in Q1 2026.
- On a quarterly basis, FCF Margin fell 1006.0% year-over-year to 93.23% in Q1 2026; TTM through Mar 2026 was 79.97%, a 3108.0% increase from a year earlier, with the FY2025 full-year figure at 77.52%, up 4586.0% from the prior year.
- FCF Margin for Q1 2026 stood at 93.23%, down from 68.07% in the prior quarter.
- Over the last five years, FCF Margin for PLUG reached as high as 52.08% in Q3 2025 and fell as low as 349.33% in Q4 2023.
- Historically, FCF Margin has averaged 143.76% across 5 years, with a median of 137.1% in 2023.
- Across the five-year window, FCF Margin sank 17984 bps in 2022 and jumped 27785 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 192.82% in 2022, then plunged by 81 bps to 349.33% in 2023, then jumped by 80 bps to 71.49% in 2024, then rose by 5 bps to 68.07% in 2025, then slumped by 37 bps to 93.23% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 93.23% in Q1 2026, 68.07% in Q4 2025, and 52.08% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | -41.78% |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 24.69% |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 6.34% |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 3.03% |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 4.33% |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | -8.26% |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 22.84% |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 16.63% |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 13.28% |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | -93.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -93.23% |
| Dec 31, 2025 | -68.07% |
| Sep 30, 2025 | -52.08% |
| Jun 30, 2025 | -111.29% |
| Mar 31, 2025 | -83.17% |
| Dec 31, 2024 | -71.49% |
| Sep 30, 2024 | -76.04% |
| Jun 30, 2024 | -232.30% |
| Mar 31, 2024 | -144.52% |
| Dec 31, 2023 | -349.33% |
| Sep 30, 2023 | -131.44% |
| Jun 30, 2023 | -171.49% |
| Mar 31, 2023 | -137.10% |
| Dec 31, 2022 | -192.82% |
| Sep 30, 2022 | -146.66% |
| Jun 30, 2022 | -228.89% |
| Mar 31, 2022 | -153.91% |
| Dec 31, 2021 | -12.98% |
| Sep 30, 2021 | -53.94% |
| Jun 30, 2021 | -122.61% |