Growth Metrics

Plug Power (PLUG) Net Margin (2016 - 2025)

Plug Power (PLUG) has disclosed Net Margin for 16 consecutive years, with 401.64% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin rose 29592.0% to 401.64% in Q4 2025 year-over-year; TTM through Dec 2025 was 238.57%, a 9617.0% increase, with the full-year FY2025 number at 229.83%, up 10488.0% from a year prior.
  • Net Margin was 401.64% for Q4 2025 at Plug Power, down from 205.31% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 74.12% in Q3 2021 to a low of 697.56% in Q4 2024.
  • A 5-year average of 176.49% and a median of 120.35% in 2021 define the central range for Net Margin.
  • Peak YoY movement for Net Margin: tumbled -51394bps in 2021, then surged 29592bps in 2025.
  • Plug Power's Net Margin stood at 119.15% in 2021, then rose by 15bps to 101.16% in 2022, then crashed by -186bps to 289.17% in 2023, then plummeted by -141bps to 697.56% in 2024, then soared by 42bps to 401.64% in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Net Margin are 401.64% (Q4 2025), 205.31% (Q3 2025), and 131.47% (Q2 2025).