Plug Power PLUG
NASDAQ PLUG
$2.11 -0.07 (-3.00%)
As of: Sep 10, 2026 · 10:17 AM EDT

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

Historic Data

Download Data
DateValue
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%