Plug Power (PLUG) Return on Assets [ROA] (2011 - 2026)
Plug Power (PLUG) reported Return on Assets [ROA] of -75.01% for Q2 2026, down 18.55 percentage points from -56.46% a year earlier and down 4.52 percentage points from the prior quarter.
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Analysis
Plug Power (PLUG) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025, Plug Power posted Return on Assets [ROA] of -54.86%, down 5.37 percentage points from FY2024.
- Return on Assets [ROA] has declined for four consecutive years, with a five-year change of -13.90 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at -49.49% in FY2024 (-23.25 pp), -26.25% in FY2023 (-13.89 pp), -12.36% in FY2022 (-1.14 pp) and -11.22% in FY2021 (+29.74 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Assets [ROA] since Q1 2014.
- Year over year, Return on Assets [ROA] has now declined in each of the last 15 quarters, with an average year-over-year change of -20.82 percentage points over the last eight quarters.
- The high point for year-over-year Return on Assets [ROA] in five years was Q4 2021 (a gain of 25.18 percentage points); the low point was Q3 2025 (a drop of 36.09 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -70.49% (Q1 2026), -59.66% (Q4 2025) and -65.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.71 Bn | 1.80 Bn | -1.68 Mn | -75.01% |
| 2 | Rex American Resources | 1.44 Bn | 86.32 Mn | 53.30 Mn | 16.95% |
| 3 | Green Plains | 1.06 Bn | 456.27 Mn | 113.03 Mn | 7.72% |
| 4 | Montauk Renewables | 391.06 Mn | 318.84 Mn | - | 1.69% |
| 5 | Clean Energy Fuels | 343.76 Mn | -312.04 Mn | 30.14 Mn | -9.19% |
| 6 | Gevo | 326.35 Mn | 43.33 Mn | 19.80 Mn | -36.92% |
| 7 | OPAL Fuels | 305.82 Mn | 38.43 Mn | 24.47 Mn | 1.70% |
| 8 | Aemetis | 128.25 Mn | 112.00 Mn | 13.52 Mn | -21.50% |
| 9 | Verde Clean Fuels | 47.67 Mn | -150.80 Mn | - | -23.04% |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 Mn | - | -247.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -75.01% |
| Mar 31, 2026 | -70.49% |
| Dec 31, 2025 | -59.66% |
| Sep 30, 2025 | -65.80% |
| Jun 30, 2025 | -56.46% |
| Mar 31, 2025 | -55.44% |
| Dec 31, 2024 | -50.55% |
| Sep 30, 2024 | -29.71% |
| Jun 30, 2024 | -30.83% |
| Mar 31, 2024 | -29.91% |
| Dec 31, 2023 | -26.44% |
| Sep 30, 2023 | -17.22% |
| Jun 30, 2023 | -14.90% |
| Mar 31, 2023 | -13.56% |
| Dec 31, 2022 | -12.46% |
| Sep 30, 2022 | -11.96% |
| Jun 30, 2022 | -10.91% |
| Mar 31, 2022 | -9.46% |
| Dec 31, 2021 | -7.87% |
| Sep 30, 2021 | -13.03% |
API Access
Plug Power Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();