Plug Power (PLUG) Return on Invested Capital (2016 - 2026)
Plug Power (PLUG) posted quarterly Return on Invested Capital of 0.15% for Q1 2026, up 5.0% year-over-year from 0.14% in Q1 2025, and up 8.5% quarter-over-quarter from 0.16% in Q4 2025.
Plug Power (PLUG) Return on Invested Capital (2016 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Return on Invested Capital for 9 consecutive years, with 0.15% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Invested Capital rose 5.0% year-over-year to 0.15%; the TTM figure through Mar 2026 stood at 0.15% (up 5.0% YoY), while the FY2025 annual figure was 0.19%, up 23.0% from the prior year.
- Return on Invested Capital rose to 0.15% in Q1 2026 per PLUG's latest filing, from 0.16% in the prior quarter.
- Across five years, Return on Invested Capital topped out at 0.06% in Q1 2022 and bottomed at 1.42% in Q2 2024.
- Historically, Return on Invested Capital has averaged 0.55% across 5 years, with a median of 0.37% in 2024.
- Annual changes were most pronounced in 2024 — Return on Invested Capital sank 78 bps — and 2025, when it jumped 122 bps.
- Plug Power's Return on Invested Capital stood at 0.42% in 2022, then sank by 161 bps to 1.09% in 2023, then jumped by 66 bps to 0.37% in 2024, then surged by 56 bps to 0.16% in 2025, then climbed by 8 bps to 0.15% in 2026.
- Business Quant data shows PLUG's Return on Invested Capital at 0.15% in Q1 2026, 0.16% in Q4 2025, and 0.2% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 0.34% |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 0.30% |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 0.00% |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 0.12% |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 0.00% |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 0.05% |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -0.04% |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 0.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.07% |
| Mar 31, 2026 | -0.15% |
| Dec 31, 2025 | -0.16% |
| Sep 30, 2025 | -0.20% |
| Jun 30, 2025 | -0.20% |
| Mar 31, 2025 | -0.20% |
| Dec 31, 2024 | -0.37% |
| Sep 30, 2024 | -1.38% |
| Jun 30, 2024 | -1.42% |
| Mar 31, 2024 | -1.41% |
| Dec 31, 2023 | -1.09% |
| Sep 30, 2023 | -0.74% |
| Jun 30, 2023 | -0.69% |
| Mar 31, 2023 | -0.64% |
| Dec 31, 2022 | -0.42% |
| Sep 30, 2022 | -0.19% |
| Jun 30, 2022 | -0.10% |
| Mar 31, 2022 | -0.06% |
| Dec 31, 2021 | -0.04% |
| Sep 30, 2021 | -0.06% |