Growth Metrics

Plug Power (PLUG) Return on Invested Capital (2016 - 2025)

Plug Power (PLUG) has disclosed Return on Invested Capital for 9 consecutive years, with 1.19% as the latest value for Q4 2025.

  • Quarterly Return on Invested Capital fell 35.0% to 1.19% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 1.19% through Dec 2025, down 35.0% year-over-year, with the annual reading at 1.05% for FY2025, 22.0% down from the prior year.
  • Return on Invested Capital for Q4 2025 was 1.19% at Plug Power, up from 1.2% in the prior quarter.
  • The five-year high for Return on Invested Capital was 0.09% in Q4 2021, with the low at 1.2% in Q3 2025.
  • Average Return on Invested Capital over 5 years is 0.43%, with a median of 0.24% recorded in 2023.
  • The sharpest move saw Return on Invested Capital soared 39bps in 2021, then plummeted -75bps in 2025.
  • Over 5 years, Return on Invested Capital stood at 0.09% in 2021, then plummeted by -77bps to 0.16% in 2022, then tumbled by -160bps to 0.41% in 2023, then plummeted by -106bps to 0.84% in 2024, then tumbled by -42bps to 1.19% in 2025.
  • According to Business Quant data, Return on Invested Capital over the past three periods came in at 1.19%, 1.2%, and 0.95% for Q4 2025, Q3 2025, and Q2 2025 respectively.