Plug Power (PLUG) Interest Coverage Ratio (2011 - 2026)

Plug Power's (PLUG) quarterly Interest Coverage Ratio came in at 6.31 in Q1 2026, up 59.39% year-on-year from 3.96 in Q1 2025, and up 82.44% on a QoQ basis from 35.93 in Q4 2025.

Plug Power (PLUG) Interest Coverage Ratio (2011 - 2026) Analysis & Trends

Plug Power (PLUG) has 16 years of Interest Coverage Ratio data on file, last reported at 6.31 in Q1 2026.

  • On a quarterly basis, Interest Coverage Ratio rose 59.39% year-over-year to 6.31 in Q1 2026; TTM through Mar 2026 was 19.7, a 20.98% decrease from a year earlier, with the FY2025 full-year figure at 1.01, up 44.88% from the prior year.
  • Interest Coverage Ratio for Q1 2026 stood at 6.31, up from 35.93 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for PLUG reached as high as 1.58 in Q3 2022 and fell as low as 39.13 in Q4 2023.
  • Historically, Interest Coverage Ratio has averaged 14.15 across 5 years, with a median of 13.35 in 2024.
  • Across the five-year window, Interest Coverage Ratio jumped 81.17% in 2022 and tumbled 813.09% in 2023, its largest moves.
  • Year by year, Interest Coverage Ratio stood at 6.02 in 2022, then slumped by 550.0% to 39.13 in 2023, then surged by 52.53% to 18.58 in 2024, then slumped by 93.38% to 35.93 in 2025, then jumped by 82.44% to 6.31 in 2026.
  • Per Business Quant data, the three most recent Interest Coverage Ratio figures were 6.31 in Q1 2026, 35.93 in Q4 2025, and 21.19 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 9.62
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 10.28
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 0.11
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 2.70
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 1.82
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 1.71
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 24.78
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 8.68
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn -16.03
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn -6.31

Historic Data

Download Data
DateValue
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 -18.58
Sep 30, 2024 -13.35
Jun 30, 2024 -15.25
Mar 31, 2024 -16.14
Dec 31, 2023 -39.13
Sep 30, 2023 -14.41
Jun 30, 2023 -7.04
Mar 31, 2023 -9.69
Dec 31, 2022 -6.02
Sep 30, 2022 -1.58
Jun 30, 2022 -1.95
Mar 31, 2022 -7.40
Dec 31, 2021 33.23
Sep 30, 2021 -0.67
Jun 30, 2021 -10.36