Plug Power (PLUG) FCF Margin (2010 - 2026)
Plug Power's (PLUG) quarterly FCF Margin came in at 55.0% in Q2 2026, up 7343.0% year-over-year from 0.74% in Q2 2025, and up 48.93% quarter-over-quarter from 107.7% in Q1 2026.
Analysis
Plug Power (PLUG) FCF Margin (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported FCF Margin for 17 consecutive years, with 55.0% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 7343.0% year-over-year to 55.0% in Q2 2026; TTM through Jun 2026 was 73.21%, a 4209.0% increase from a year earlier, with the FY2025 full-year figure at 91.14%, up 7040.0% from the prior year.
- FCF Margin was 55.0% for Q2 2026 at Plug Power, up from 107.7% in the prior quarter.
- Over five years, FCF Margin peaked at 55.0% in Q2 2026 and troughed at 233.84% in Q2 2024.
- A 5-year average of 152.88% and a median of 164.11% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin sank 13695 bps in 2022 and jumped 11933 bps in 2025, its largest moves.
- Over 5 years, FCF Margin stood at 192.82% in 2022, then climbed by 1 bps to 190.78% in 2023, then soared by 55 bps to 86.28% in 2024, then gained by 21 bps to 67.95% in 2025, then grew by 19 bps to 55.0% in 2026.
- The last three FCF Margin figures came in at 55.0% (Q2 2026), 107.7% (Q1 2026), and 67.95% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.93 Bn | 2.62 Bn | -1.68 Mn | -55.00% |
| 2 | NewHydrogen | 12.64 Mn | 12.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -55.00% |
| Mar 31, 2026 | -107.70% |
| Dec 31, 2025 | -67.95% |
| Sep 30, 2025 | -66.37% |
| Jun 30, 2025 | -128.43% |
| Mar 31, 2025 | -114.47% |
| Dec 31, 2024 | -86.28% |
| Sep 30, 2024 | -134.78% |
| Jun 30, 2024 | -233.84% |
| Mar 31, 2024 | -233.80% |
| Dec 31, 2023 | -190.78% |
| Sep 30, 2023 | -203.12% |
| Jun 30, 2023 | -191.73% |
| Mar 31, 2023 | -211.85% |
| Dec 31, 2022 | -192.82% |
| Sep 30, 2022 | -146.66% |
| Jun 30, 2022 | -181.56% |
| Mar 31, 2022 | -204.76% |
| Dec 31, 2021 | -55.87% |
| Sep 30, 2021 | -111.30% |