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
DateValue
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%