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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Plug Power (PLUG) Gross Margin (2016 - 2025)

Historic Gross Margin for Plug Power (PLUG) over the last 17 years, with Q3 2025 value amounting to 67.87%.

  • Plug Power's Gross Margin fell 102900.0% to 67.87% in Q3 2025 from the same period last year, while for Sep 2025 it was 71.29%, marking a year-over-year increase of 216100.0%. This contributed to the annual value of 99.38% for FY2024, which is 424100.0% down from last year.
  • Latest data reveals that Plug Power reported Gross Margin of 67.87% as of Q3 2025, which was down 102900.0% from 30.73% recorded in Q2 2025.
  • Plug Power's Gross Margin's 5-year high stood at 16.91% during Q1 2021, with a 5-year trough of 132.27% in Q1 2024.
  • For the 5-year period, Plug Power's Gross Margin averaged around 53.83%, with its median value being 36.46% (2022).
  • Its Gross Margin has fluctuated over the past 5 years, first surged by 852700bps in 2021, then tumbled by -992700bps in 2024.
  • Plug Power's Gross Margin (Quarter) stood at 54.21% in 2021, then skyrocketed by 33bps to 36.46% in 2022, then crashed by -174bps to 100.06% in 2023, then fell by -22bps to 122.49% in 2024, then skyrocketed by 45bps to 67.87% in 2025.
  • Its Gross Margin stands at 67.87% for Q3 2025, versus 30.73% for Q2 2025 and 55.25% for Q1 2025.