Plug Power (PLUG) Return on Capital Employed (2011 - 2026)
Plug Power (PLUG) reported Return on Capital Employed of 72.06% for Q1 2026, down 354.0% year-over-year from 28.37% in Q1 2025, and down 9.95% on a QoQ basis from 65.54% in Q4 2025.
Plug Power (PLUG) has 16 years of Return on Capital Employed data on file, last reported at 72.06% in Q1 2026.
- Quarterly Return on Capital Employed fell 354.0% year-over-year to 72.06% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 72.06% (down 354.0% YoY) and the FY2025 annual result came in at 58.98%, down 134.0% from the prior year.
- Return on Capital Employed fell to 72.06% in Q1 2026 per PLUG's latest filing, from 65.54% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 9.57% in Q1 2022 and bottomed at 86.12% in Q3 2025.
- The 5-year median for Return on Capital Employed is 33.95% (2024), against an average of 38.65%.
- The widest annual swing landed in 2022, when Return on Capital Employed surged 629 bps; it then plunged 5217 bps in 2025.
- Tracing PLUG's Return on Capital Employed over 5 years: stood at 13.13% in 2022, then sank by 143 bps to 31.89% in 2023, then slumped by 85 bps to 59.14% in 2024, then retreated by 11 bps to 65.54% in 2025, then retreated by 10 bps to 72.06% in 2026.
- Per Business Quant, the three latest PLUG Return on Capital Employed figures stand at 72.06% (Q1 2026), 65.54% (Q4 2025), and 86.12% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 26.52% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 4.38% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 11.66% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 18.97% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 13.11% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 32.43% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 15.83% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 13.24% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -72.06% |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 8.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -72.06% |
| Dec 31, 2025 | -65.54% |
| Sep 30, 2025 | -86.12% |
| Jun 30, 2025 | -70.40% |
| Mar 31, 2025 | -68.52% |
| Dec 31, 2024 | -59.14% |
| Sep 30, 2024 | -33.95% |
| Jun 30, 2024 | -35.06% |
| Mar 31, 2024 | -35.15% |
| Dec 31, 2023 | -31.89% |
| Sep 30, 2023 | -20.74% |
| Jun 30, 2023 | -17.47% |
| Mar 31, 2023 | -14.91% |
| Dec 31, 2022 | -13.13% |
| Sep 30, 2022 | -12.44% |
| Jun 30, 2022 | -10.96% |
| Mar 31, 2022 | -9.57% |
| Dec 31, 2021 | -8.06% |
| Sep 30, 2021 | -13.00% |
| Jun 30, 2021 | -12.10% |
| Mar 31, 2021 | -15.86% |
| Dec 31, 2020 | -36.94% |
| Sep 30, 2020 | -12.97% |
| Jun 30, 2020 | -11.89% |
| Mar 31, 2020 | -10.40% |
| Dec 31, 2019 | -11.05% |
| Sep 30, 2019 | -16.65% |
| Jun 30, 2019 | -19.80% |
| Mar 31, 2019 | -23.54% |
| Dec 31, 2018 | -33.34% |
| Sep 30, 2018 | -41.12% |
| Jun 30, 2018 | -55.19% |
| Mar 31, 2018 | -60.22% |
| Dec 31, 2017 | -64.62% |
| Sep 30, 2017 | -64.44% |
| Jun 30, 2017 | -47.78% |
| Mar 31, 2017 | -36.68% |
| Dec 31, 2016 | -31.05% |
| Sep 30, 2016 | -36.98% |
| Jun 30, 2016 | -35.21% |
| Mar 31, 2016 | -39.97% |
| Dec 31, 2015 | -35.90% |
| Sep 30, 2015 | -30.02% |
| Jun 30, 2015 | -28.84% |
| Mar 31, 2015 | -24.81% |
| Dec 31, 2014 | -20.81% |
| Sep 30, 2014 | -16.80% |
| Jun 30, 2014 | -21.63% |
| Mar 31, 2014 | -55.97% |
| Dec 31, 2013 | -108.00% |
| Sep 30, 2013 | -119.10% |
| Jun 30, 2013 | -134.14% |
| Mar 31, 2013 | -146.16% |
| Dec 31, 2012 | -143.96% |
| Sep 30, 2012 | -102.26% |
| Jun 30, 2012 | -70.96% |
| Mar 31, 2012 | -73.76% |
| Dec 31, 2011 | -83.14% |
| Sep 30, 2011 | -75.50% |