Plug Power (PLUG) Return on Capital Employed (2011 - 2026)
Plug Power (PLUG) posted quarterly 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% quarter-over-quarter from 65.54% in Q4 2025.
Plug Power (PLUG) Return on Capital Employed (2011 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Return on Capital Employed for 16 consecutive years, with 72.06% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 354.0% year-over-year to 72.06%; the TTM figure through Mar 2026 stood at 72.06% (down 354.0% YoY), while the FY2025 annual figure was 58.98%, down 134.0% from the prior year.
- Return on Capital Employed slipped 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.
- Historically, Return on Capital Employed has averaged 38.65% across 5 years, with a median of 33.95% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 629 bps — and 2025, when it slumped 5217 bps.
- Plug Power's Return on Capital Employed stood at 13.13% in 2022, then plunged by 143 bps to 31.89% in 2023, then sank by 85 bps to 59.14% in 2024, then dropped by 11 bps to 65.54% in 2025, then dropped by 10 bps to 72.06% in 2026.
- Business Quant data shows PLUG's Return on Capital Employed at 72.06% in Q1 2026, 65.54% in Q4 2025, and 86.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 29.36% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 8.69% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 33.42% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 15.18% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 11.34% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 17.52% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 34.05% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 15.27% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 8.67% |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | -71.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -71.96% |
| 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% |