Plug Power (PLUG) Net Margin (2010 - 2026)
Plug Power (PLUG) reported Net Margin of 150.47% for Q1 2026, down 320.0% year-over-year from 68.4% in Q1 2025, and up 62.54% on a QoQ basis from 401.64% in Q4 2025.
Plug Power (PLUG) has 17 years of Net Margin data on file, last reported at 150.47% in Q1 2026.
- Quarterly Net Margin fell 320.0% year-over-year to 150.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 235.6% (up 7724.0% YoY) and the FY2025 annual result came in at 229.83%, up 10488.0% from the prior year.
- Net Margin rose to 150.47% in Q1 2026 per PLUG's latest filing, from 401.64% in the prior quarter.
- Across five years, Net Margin topped out at 90.52% in Q3 2022 and bottomed at 699.2% in Q4 2024.
- The 5-year median for Net Margin is 142.67% (2023), against an average of 195.55%.
- The widest annual swing landed in 2024, when Net Margin slumped 41003 bps; it then surged 29756 bps in 2025.
- Tracing PLUG's Net Margin over 5 years: stood at 101.23% in 2022, then tumbled by 186 bps to 289.17% in 2023, then slumped by 142 bps to 699.2% in 2024, then surged by 43 bps to 401.64% in 2025, then jumped by 63 bps to 150.47% in 2026.
- Per Business Quant, the three latest PLUG Net Margin figures stand at 150.47% (Q1 2026), 401.64% (Q4 2025), and 205.31% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 14.72% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 9.41% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 0.16% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 12.07% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | -0.10% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 15.47% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 9.17% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 7.82% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -150.47% |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 9.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -150.47% |
| Dec 31, 2025 | -401.64% |
| Sep 30, 2025 | -205.31% |
| Jun 30, 2025 | -131.47% |
| Mar 31, 2025 | -147.27% |
| Dec 31, 2024 | -699.20% |
| Sep 30, 2024 | -121.55% |
| Jun 30, 2024 | -183.00% |
| Mar 31, 2024 | -245.97% |
| Dec 31, 2023 | -289.17% |
| Sep 30, 2023 | -142.67% |
| Jun 30, 2023 | -90.86% |
| Mar 31, 2023 | -98.23% |
| Dec 31, 2022 | -101.23% |
| Sep 30, 2022 | -90.52% |
| Jun 30, 2022 | -114.55% |
| Mar 31, 2022 | -111.15% |
| Dec 31, 2021 | -119.15% |
| Sep 30, 2021 | -74.12% |
| Jun 30, 2021 | -79.99% |
| Mar 31, 2021 | -84.42% |
| Dec 31, 2020 | -156.62% |
| Sep 30, 2020 | -60.92% |
| Jun 30, 2020 | -13.85% |
| Mar 31, 2020 | -91.73% |
| Dec 31, 2019 | -21.04% |
| Sep 30, 2019 | -30.92% |
| Jun 30, 2019 | -30.19% |
| Mar 31, 2019 | -142.07% |
| Dec 31, 2018 | -28.18% |
| Sep 30, 2018 | -29.30% |
| Jun 30, 2018 | -73.47% |
| Mar 31, 2018 | -75.13% |
| Dec 31, 2017 | -62.55% |
| Sep 30, 2017 | -118.54% |
| Jun 30, 2017 | -213.15% |
| Mar 31, 2017 | -187.26% |
| Dec 31, 2016 | -96.22% |
| Sep 30, 2016 | -76.43% |
| Jun 30, 2016 | -64.29% |
| Mar 31, 2016 | -225.76% |
| Dec 31, 2015 | -85.60% |
| Sep 30, 2015 | -662.23% |
| Jun 30, 2015 | -859.15% |
| Mar 31, 2015 | -1,133.78% |
| Dec 31, 2014 | -796.34% |
| Sep 30, 2014 | -1,467.45% |
| Jun 30, 2014 | 28.12% |
| Mar 31, 2014 | -2,400.66% |
| Dec 31, 2013 | -10,834.83% |
| Sep 30, 2013 | -3,451.95% |
| Jun 30, 2013 | -2,537.50% |
| Mar 31, 2013 | -183.56% |
| Dec 31, 2012 | -3,766,318.58% |
| Sep 30, 2012 | -2,055.76% |
| Jun 30, 2012 | -89.98% |
| Mar 31, 2012 | -100.18% |
| Dec 31, 2011 | -56,766.67% |
| Sep 30, 2011 | -884,055.43% |
| Jun 30, 2011 | -552,503.84% |
| Mar 31, 2011 | -928,865.22% |
| Dec 31, 2010 | -1,346.81% |
| Sep 30, 2010 | -163.40% |
| Jun 30, 2010 | -2,391.65% |