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| Date | Value |
|---|---|
| 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% |