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% on a QoQ basis from 35.93 in Q4 2025.
Plug Power (PLUG) has 7 years of Interest Coverage Ratio data on file, last reported at 6.31 in Q1 2026.
- Quarterly Interest Coverage Ratio rose 59.39% year-over-year to 6.31 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.7 (up 52.47% YoY) and the FY2025 annual result came in at 22.53, up 47.99% from the prior year.
- Interest Coverage Ratio climbed to 6.31 in Q1 2026 per PLUG's latest filing, from 35.93 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 6.31 in Q1 2026 and bottomed at 78.11 in Q4 2024.
- The 5-year median for Interest Coverage Ratio is 21.19 (2025), against an average of 25.21.
- The widest annual swing landed in 2022, when Interest Coverage Ratio tumbled 311.07%; it then soared 59.39% in 2026.
- Tracing PLUG's Interest Coverage Ratio over 5 years: stood at 22.99 in 2022, then tumbled by 137.05% to 54.5 in 2023, then sank by 43.31% to 78.11 in 2024, then jumped by 54.0% to 35.93 in 2025, then surged by 82.44% to 6.31 in 2026.
- Per Business Quant, the three latest PLUG Interest Coverage Ratio figures stand at 6.31 (Q1 2026), 35.93 (Q4 2025), and 21.19 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | -100.02 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 8.39 |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 150.54 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | - |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 16.66 |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | - |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | - |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 9.61 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -6.31 |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | - |
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 |
| Mar 31, 2021 | -3.91 |
| Dec 31, 2020 | -7.96 |
| Sep 30, 2020 | -3.15 |
| Jun 30, 2020 | -1.98 |
| Mar 31, 2020 | -448.88 |