Plug Power (PLUG) FCF Margin (2010 - 2026)
Plug Power (PLUG) reported FCF Margin of 107.7% for Q1 2026, down 2453.0% year-over-year from 4.58% in Q1 2025, and down 66.15% on a QoQ basis from 64.82% in Q4 2025.
Plug Power (PLUG) has 17 years of FCF Margin data on file, last reported at 107.7% in Q1 2026.
- Quarterly FCF Margin fell 2453.0% year-over-year to 107.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 84.7% (up 5023.0% YoY) and the FY2025 annual result came in at 79.12%, up 8241.0% from the prior year.
- FCF Margin fell to 107.7% in Q1 2026 per PLUG's latest filing, from 64.82% in the prior quarter.
- Across five years, FCF Margin topped out at 27.34% in Q3 2023 and bottomed at 326.35% in Q4 2022.
- The 5-year median for FCF Margin is 120.78% (2024), against an average of 136.73%.
- The widest annual swing landed in 2022, when FCF Margin tumbled 31897 bps; it then surged 21790 bps in 2025.
- Tracing PLUG's FCF Margin over 5 years: stood at 326.35% in 2022, then surged by 48 bps to 169.76% in 2023, then soared by 49 bps to 86.28% in 2024, then grew by 25 bps to 64.82% in 2025, then sank by 66 bps to 107.7% in 2026.
- Per Business Quant, the three latest PLUG FCF Margin figures stand at 107.7% (Q1 2026), 64.82% (Q4 2025), and 22.16% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 28.89% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 6.31% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 3.95% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 3.03% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | -8.26% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 16.63% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 6.94% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 13.28% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -107.70% |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | -59.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -107.70% |
| Dec 31, 2025 | -64.82% |
| Sep 30, 2025 | -22.16% |
| Jun 30, 2025 | -152.48% |
| Mar 31, 2025 | -83.17% |
| Dec 31, 2024 | -86.28% |
| Sep 30, 2024 | -240.06% |
| Jun 30, 2024 | -120.78% |
| Mar 31, 2024 | -216.48% |
| Dec 31, 2023 | -169.76% |
| Sep 30, 2023 | 27.34% |
| Jun 30, 2023 | -191.73% |
| Mar 31, 2023 | -211.85% |
| Dec 31, 2022 | -326.35% |
| Sep 30, 2022 | -65.98% |
| Jun 30, 2022 | -87.31% |
| Mar 31, 2022 | -204.76% |
| Dec 31, 2021 | -7.38% |
| Sep 30, 2021 | -78.96% |
| Jun 30, 2021 | -100.98% |
| Mar 31, 2021 | -176.46% |
| Dec 31, 2020 | -2.53% |
| Sep 30, 2020 | -48.63% |
| Jun 30, 2020 | -81.24% |
| Mar 31, 2020 | -154.12% |
| Dec 31, 2019 | -0.25% |
| Sep 30, 2019 | -14.25% |
| Jun 30, 2019 | -22.88% |
| Mar 31, 2019 | -172.79% |
| Dec 31, 2018 | -45.12% |
| Sep 30, 2018 | 25.22% |
| Jun 30, 2018 | -88.03% |
| Mar 31, 2018 | -103.36% |
| Dec 31, 2017 | 60.59% |
| Sep 30, 2017 | -15.30% |
| Jun 30, 2017 | -268.21% |
| Mar 31, 2017 | -167.12% |
| Dec 31, 2016 | -264.27% |
| Sep 30, 2016 | -78.86% |
| Jun 30, 2016 | 1.84% |
| Mar 31, 2016 | -357.67% |
| Dec 31, 2015 | -35.95% |
| Sep 30, 2015 | -941.46% |
| Jun 30, 2015 | -1,092.76% |
| Mar 31, 2015 | -1,420.06% |
| Dec 31, 2014 | -1,105.10% |
| Sep 30, 2014 | -1,841.47% |
| Jun 30, 2014 | -82.97% |
| Mar 31, 2014 | -290.12% |
| Dec 31, 2013 | -3,334.27% |
| Sep 30, 2013 | -1,533.67% |
| Jun 30, 2013 | -1,378.38% |
| Mar 31, 2013 | -126.96% |
| Dec 31, 2012 | -1,947,763.27% |
| Sep 30, 2012 | -1,471.92% |
| Jun 30, 2012 | -68.47% |
| Mar 31, 2012 | -44.84% |
| Dec 31, 2011 | -103,357.89% |
| Sep 30, 2011 | -610,805.53% |
| Jun 30, 2011 | -387,397.38% |
| Mar 31, 2011 | -1,042,316.94% |
| Dec 31, 2010 | -184.96% |
| Sep 30, 2010 | -259.72% |