Plug Power (PLUG) Tax Rate (2013 - 2026)
Plug Power (PLUG) reported Tax Rate of 0.02% for Q1 2026, up 41.12% quarter-over-quarter from 0.03% in Q4 2025.
Plug Power (PLUG) Tax Rate (2013 - 2026) Analysis & Trends
Plug Power (PLUG) has 11 years of Tax Rate data on file, last reported at 0.02% in Q1 2026.
- Tax Rate for Q1 2026 came in at 0.02%, changed N/A year-over-year; the trailing twelve-month figure through Mar 2026 was 0.02% (down 1.0% YoY), and the FY2025 annual result was 0.02%, changed 0.0% from the prior year.
- Tax Rate rose to 0.02% in Q1 2026 per PLUG's latest filing, from 0.03% in the prior quarter.
- Over five years, Tax Rate peaked at 1.63% in Q3 2023 and troughed at 0.89% in Q3 2022.
- A 5-year average of 0.13% and a median of 0.01% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 744 bps in 2022, then surged 252 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 0.31% in 2022, then tumbled by 77 bps to 0.07% in 2023, then plunged by 161 bps to 0.04% in 2024, then jumped by 33 bps to 0.03% in 2025, then surged by 41 bps to 0.02% in 2026.
- Business Quant data shows PLUG's Tax Rate at 0.02% in Q1 2026, 0.03% in Q4 2025, and 0.03% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 11.00% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 0.54% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 20.63% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 22.59% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 3.86% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 25.73% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -0.15% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 21.24% |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | -0.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.02% |
| Mar 31, 2026 | -0.02% |
| Dec 31, 2025 | -0.03% |
| Dec 31, 2025 | -0.03% |
| Sep 30, 2025 | -0.03% |
| Sep 30, 2025 | -0.03% |
| Jun 30, 2025 | -0.01% |
| Jun 30, 2025 | -0.01% |
| Dec 31, 2024 | -0.04% |
| Dec 31, 2024 | -0.04% |
| Sep 30, 2024 | -0.05% |
| Sep 30, 2024 | -0.05% |
| Jun 30, 2024 | 0.14% |
| Jun 30, 2024 | 0.14% |
| Mar 31, 2024 | -0.07% |
| Mar 31, 2024 | -0.07% |
| Dec 31, 2023 | 0.07% |
| Dec 31, 2023 | 0.07% |
| Sep 30, 2023 | 1.63% |
| Sep 30, 2023 | 1.63% |