Plug Power (PLUG) Return on Equity [ROE] (2011 - 2026)
Plug Power's Return on Equity [ROE] was -251.33% in Q2 2026, down 144.62 percentage points from -106.72% a year earlier and down 54.49 percentage points from the prior quarter.
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Analysis
Plug Power (PLUG) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at Plug Power came in at -120.95%, down 31.49 percentage points from FY2024.
- Return on Equity [ROE] has now declined for four consecutive years, with a five-year change of -46.28 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was -89.46% in FY2024 (-49.22 pp), -40.24% in FY2023 (-23.53 pp), -16.71% in FY2022 (-1.56 pp) and -15.15% in FY2021 (+59.52 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Equity [ROE] since Q4 2018.
- Compared with a year earlier, Return on Equity [ROE] has declined for 16 straight quarters, with an average year-over-year change of -68.15 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q4 2021 (a gain of 48.19 percentage points); the worst was Q2 2026 (a drop of 144.62 percentage points).
- Per Business Quant data, PLUG's Return on Equity [ROE] in the three quarters before Q2 2026 was -196.85% (Q1 2026), -135.89% (Q4 2025) and -130.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.71 Bn | 1.80 Bn | -1.68 Mn | -251.33% |
| 2 | Rex American Resources | 1.44 Bn | 86.32 Mn | 53.30 Mn | 18.86% |
| 3 | Green Plains | 1.06 Bn | 456.27 Mn | 113.03 Mn | 15.07% |
| 4 | Montauk Renewables | 391.06 Mn | 318.84 Mn | - | 3.00% |
| 5 | Clean Energy Fuels | 343.76 Mn | -312.04 Mn | 30.14 Mn | -16.89% |
| 6 | Gevo | 326.35 Mn | 43.33 Mn | 19.80 Mn | -58.59% |
| 7 | OPAL Fuels | 305.82 Mn | 38.43 Mn | 24.47 Mn | 63.30% |
| 8 | Aemetis | 128.25 Mn | 112.00 Mn | 13.52 Mn | - |
| 9 | Verde Clean Fuels | 47.67 Mn | -150.80 Mn | - | -23.80% |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -251.33% |
| Mar 31, 2026 | -196.85% |
| Dec 31, 2025 | -135.89% |
| Sep 30, 2025 | -130.25% |
| Jun 30, 2025 | -106.72% |
| Mar 31, 2025 | -107.26% |
| Dec 31, 2024 | -87.03% |
| Sep 30, 2024 | -46.92% |
| Jun 30, 2024 | -50.15% |
| Mar 31, 2024 | -50.04% |
| Dec 31, 2023 | -42.73% |
| Sep 30, 2023 | -26.21% |
| Jun 30, 2023 | -21.86% |
| Mar 31, 2023 | -19.40% |
| Dec 31, 2022 | -17.48% |
| Sep 30, 2022 | -16.20% |
| Jun 30, 2022 | -14.28% |
| Mar 31, 2022 | -12.24% |
| Dec 31, 2021 | -9.88% |
| Sep 30, 2021 | -15.75% |
API Access
Plug Power Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();