Plug Power (PLUG) Interest Coverage Ratio (2020 - 2026)
Plug Power (PLUG) reported Interest Coverage Ratio of 6.31 for Q1 2026, up 59.39% year-over-year from 3.96 in Q1 2025, and up 82.44% quarter-over-quarter from 35.93 in Q4 2025.
Plug Power (PLUG) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
Plug Power (PLUG) has 7 years of Interest Coverage Ratio data on file, last reported at 6.31 in Q1 2026.
- Interest Coverage Ratio for Q1 2026 came in at 6.31, up 59.39% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.7 (up 52.47% YoY), and the FY2025 annual result was 22.53, up 47.99% from the prior year.
- Interest Coverage Ratio advanced to 6.31 in Q1 2026 per PLUG's latest filing, from 35.93 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 6.31 in Q1 2026 and troughed at 78.11 in Q4 2024.
- A 5-year average of 25.21 and a median of 21.19 in 2025 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2026: Interest Coverage Ratio sank 311.07% in 2022, then surged 59.39% in 2026.
- A 5-year view of Interest Coverage Ratio shows it stood at 22.99 in 2022, then sank by 137.05% to 54.5 in 2023, then tumbled by 43.31% to 78.11 in 2024, then soared by 54.0% to 35.93 in 2025, then jumped by 82.44% to 6.31 in 2026.
- Business Quant data shows PLUG's Interest Coverage Ratio at 6.31 in Q1 2026, 35.93 in Q4 2025, and 21.19 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | -100.02 |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 8.39 |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 150.54 |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | - |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 16.66 |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | - |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -24.97 |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | - |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | -6.31 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.31 |
| Dec 31, 2025 | -35.93 |
| Sep 30, 2025 | -21.19 |
| Jun 30, 2025 | -11.10 |
| Mar 31, 2025 | -15.54 |
| Dec 31, 2024 | -78.11 |
| Sep 30, 2024 | -23.63 |
| Jun 30, 2024 | -25.73 |
| Mar 31, 2024 | -22.91 |
| Dec 31, 2023 | -54.50 |
| Sep 30, 2023 | -23.21 |
| Jun 30, 2023 | -20.76 |
| Mar 31, 2023 | -19.70 |
| Dec 31, 2022 | -22.99 |
| Sep 30, 2022 | -17.71 |
| Jun 30, 2022 | -13.11 |
| Mar 31, 2022 | -16.09 |
| Dec 31, 2021 | -20.77 |
| Sep 30, 2021 | -10.37 |
| Jun 30, 2021 | -7.65 |