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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)

Plug Power (PLUG) has disclosed Gross Margin for 16 consecutive years, with 2.42% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin rose 12491.0% to 2.42% in Q4 2025 year-over-year; TTM through Dec 2025 was 34.09%, a 6528.0% increase, with the full-year FY2025 number at 34.09%, up 6528.0% from a year prior.
  • Gross Margin was 2.42% for Q4 2025 at Plug Power, up from 67.87% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 2.42% in Q4 2025 to a low of 132.27% in Q1 2024.
  • A 5-year average of 51.02% and a median of 34.73% in 2022 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: plummeted -40578bps in 2021, then surged 12491bps in 2025.
  • Plug Power's Gross Margin stood at 54.21% in 2021, then soared by 33bps to 36.46% in 2022, then plummeted by -174bps to 100.06% in 2023, then decreased by -22bps to 122.49% in 2024, then skyrocketed by 102bps to 2.42% in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Gross Margin are 2.42% (Q4 2025), 67.87% (Q3 2025), and 30.73% (Q2 2025).