Plug Power (PLUG) Net Margin (2010 - 2026)

Plug Power (PLUG) has 17 years of Net Margin data on file, last reported at 150.47% in Q1 2026.

• On a quarterly basis, Net Margin fell 320.0% year-over-year to 150.47% in Q1 2026; TTM through Mar 2026 was 187.48%, a 12536.0% increase from a year earlier, with the FY2025 full-year figure at 229.83%, up 10488.0% from the prior year.
• Net Margin for Q1 2026 stood at 150.47%, up from 243.6% in the prior quarter.
• Over the last five years, Net Margin for PLUG reached as high as 90.52% in Q3 2022 and fell as low as 699.21% in Q4 2024.
• Historically, Net Margin has averaged 186.25% across 5 years, with a median of 142.67% in 2023.
• Across the five-year window, Net Margin tumbled 41004 bps in 2024 and surged 45562 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 101.25% in 2022, then tumbled by 186 bps to 289.17% in 2023, then slumped by 142 bps to 699.21% in 2024, then soared by 65 bps to 243.6% in 2025, then soared by 38 bps to 150.47% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 150.47% in Q1 2026, 243.6% in Q4 2025, and 205.31% in Q3 2025.