Plug Power (PLUG) Tax Rate (2013 - 2026)

Plug Power's (PLUG) quarterly Tax Rate came in at 0.02% in Q1 2026, down 100.04% on a QoQ basis from 39.33% 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.

  • On a quarterly basis, Tax Rate changed N/A year-over-year to 0.02% in Q1 2026; TTM through Mar 2026 was 20.41%, a 2042.0% increase from a year earlier, with the FY2025 full-year figure at 21.0%, up 2102.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 0.02%, down from 39.33% in the prior quarter.
  • Over the last five years, Tax Rate for PLUG reached as high as 39.33% in Q4 2025 and fell as low as 1.51% in Q4 2023.
  • Historically, Tax Rate has averaged 2.49% across 5 years, with a median of 0.01% in 2025.
  • Across the five-year window, Tax Rate tumbled 745 bps in 2022 and surged 3938 bps in 2025, its largest moves.
  • Year by year, Tax Rate stood at 0.29% in 2022, then sank by 611 bps to 1.51% in 2023, then soared by 97 bps to 0.04% in 2024, then jumped by 89769 bps to 39.33% in 2025, then sank by 100 bps to 0.02% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 0.02% in Q1 2026, 39.33% in Q4 2025, and 0.03% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn -
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 11.00%
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 0.60%
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 22.59%
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 20.63%
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 3.86%
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn -409.26%
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 25.73%
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 22.01%
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn -0.02%

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.02%
Mar 31, 2026 -0.02%
Mar 31, 2026 -0.02%
Dec 31, 2025 39.33%
Dec 31, 2025 39.33%
Dec 31, 2025 39.33%
Sep 30, 2025 -0.03%
Sep 30, 2025 -0.03%
Sep 30, 2025 -0.03%
Jun 30, 2025 -0.01%
Jun 30, 2025 -0.01%
Jun 30, 2025 -0.01%
Dec 31, 2024 -0.04%
Dec 31, 2024 -0.04%
Dec 31, 2024 -0.04%
Sep 30, 2024 -0.05%
Sep 30, 2024 -0.05%
Sep 30, 2024 -0.05%
Jun 30, 2024 0.14%
Jun 30, 2024 0.14%