Plug Power Profitability Analysis
| PLUG Stock | USD 2.41 0.09 3.88% |
Net Loss | First Reported 1999-03-31 | Previous Quarter -361.9 M | Current Value -846 M | Quarterly Volatility 172.7 M |
Macro event markers
This module outlines profitability drivers for Plug Power, highlighting margins, returns, and income efficiency.
Revenue by Business Segment
Plug Power's revenue is distributed across 9 distinct product categories. Sale Of Electrolyzers leads at 68.29 Million, representing roughly 30.3% of the total, followed by Services Performed On Fuel Cell Systems And Related Infrastructure at 41.48 Million (18.4%). Revenue is well distributed across segments, limiting Plug Power's exposure to disruption in any one product area.
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Macro event markers
Revenue Breakdown by Earning Segment for Plug Power Details
The breakdown below shows how Plug Power's revenue is split across product segments for the most recent reporting period. At 1.0%, Other Product And Services is the narrowest segment in Plug Power's product mix.
Earnings estimates provide context for forward-looking performance discussion. The estimates are provided as neutral context for research workflows and timeframe comparisons.
Earnings Share -1.42 | Revenue Per Share | Quarterly Revenue Growth 0.176 | Return On Assets | Return On Equity |
The market value of Plug Power is measured differently than book value, which reflects Plug accounting equity. Plug Power's market capitalization is 3.23 B. Plug Power P/B of 3.32 reflects a market valuation far exceeding accounting equity. Enterprise value stands at 3.88 B. Intrinsic value reflects what Plug Power's fundamentals imply about worth, which may differ from both the trading price and the book figure. Analytical frameworks help reconcile those views.
The concept of value for Plug Power differs from its quoted price, since each reflects a different lens. For Plug Power, key inputs include a P/B ratio of 3.32, a profit margin of -2.3%, ROE of -120.5%, and revenue of 709.92 M. The actual Plug Power transaction price is determined by real-time order flow on the exchange.
Plug Power Return On Asset vs. Return On Equity Fundamental Analysis
Valuation ratios compare Plug Power to competitors to determine relative overvaluation or discount. Plug Power is rated below average in return on equity across its competitive set. It also is rated below average in return on asset across its competitive set . Reporting trends point to Return On Equity retreating compared to prior-year levels. Historical records show Return On Equity at -1.6682 in the prior year. Sector-based multiples assess Plug Power's pricing discipline.Plug Return On Asset vs. Return On Equity
Return on Equity (ROE) measures how effectively a company converts shareholders' equity into net income. It is calculated by dividing net income by average shareholders' equity, and it reflects management's ability to generate profit from the capital investors have committed. ROE is one of the most widely used profitability ratios because it ties directly to shareholder value creation.
Plug Power |
| = | -1.2 |
An ROE between 10% and 30% is generally considered healthy for most industries, supporting both dividend payments and reinvestment in future growth. However, ROE should not be evaluated in isolation. A high ROE driven by excessive financial leverage can signal risk rather than efficiency, so investors typically cross-reference ROE with debt-to-equity ratios and return on assets to distinguish genuine operational strength from balance-sheet amplification.
Return on Assets (ROA) measures how efficiently a company generates profit relative to its total asset base. It is calculated by dividing net income by total assets and reflects management's effectiveness at deploying capital across the business. ROA is particularly useful for comparing companies within the same industry, since asset intensity varies widely across sectors.
Plug Power |
| = | -0.15 |
A higher ROA indicates that each dollar of assets produces more income, which generally signals operational efficiency. Asset-heavy industries such as banking, utilities, and manufacturing tend to have lower ROAs than asset-light businesses like software or professional services. When ROA is low, it may indicate either underperforming operations or a capital-intensive business model that requires ongoing investment to sustain revenue.
Plug Return On Asset Comparison
Plug Power is currently under evaluation in return on asset across its competitive set.
Plug Power Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Plug Power, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Plug Power will eventually generate negative long term returns. The profitability progress is the general direction of Plug Power's change in net profit over the period of time. It can combine multiple indicators of Plug Power, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | End Of Year Estimate | ||
| Accumulated Other Comprehensive Income | 6.8 M | 7.1 M | |
| Operating Income | -679.6 M | -645.6 M | |
| Income Before Tax | -1.7 B | -1.6 B | |
| Total Other Income Expense Net | -1 B | -963.1 M | |
| Net Loss | -1.6 B | -1.6 B | |
| Income Tax Expense | 356 K | 338.2 K | |
| Net Loss | -1.7 B | -1.6 B | |
| Non Operating Income Net Other | -21.1 M | -20.1 M | |
| Net Loss | -651.6 M | -619 M | |
| Interest Income | 19.4 M | 29.4 M | |
| Net Interest Income | -45.7 M | -43.4 M | |
| Change To Netincome | 237.2 M | 249.1 M | |
| Net Loss | -1.41 | -1.48 | |
| Income Quality | 0.33 | 0.31 | |
| Net Income Per E B T | 0.96 | 1.08 |
Plug Profitability Driver Comparison
Understanding the profitability drivers of Plug Power helps investors assess the sustainability of its earnings over time. Unexpected events - including tax changes, commodity price movements, and macroeconomic disruptions - can significantly impact Plug Power's long-term profit trajectory.
Plug Power Profitability Trends
The profitability trend for Plug Power indicates the direction of profit generation relative to revenue over time. Analyzing Plug Power's gross, operating, and net profit trends helps investors determine whether the business is on an improving or deteriorating long-term financial path.
Plug Power Profitability Drivers Correlations
Investors in Plug Power must synthesize financial information from company reports, SEC filings, and external sources. Understanding the correlations between Plug Power's revenue and profitability indicators helps investors build more precise financial models and targeted investment strategies.
Click cells to compare fundamentals
Earnings Estimation Breakdown
For Plug Power, the next analyst-consensus EPS projection stands at -0.0977, with individual estimates spanning from -0.12 to -0.07. This range captures the analytical uncertainty embedded in Plug Power's forward earnings model ahead of the next reporting event. The projection is normalized on a trailing twelve-month basis and strips out non-recurring items that would distort the trend.Last Reported EPS
-0.12 Lowest | Expected EPS | -0.07 Highest |
Earnings Projection Consensus
The relationship between Plug Power's estimated value and its current trading price offers a directional valuation signal. A positive gap - estimate above price - may indicate that the stock is trading below intrinsic value. A negative gap should prompt a review of growth assumptions, sector dynamics, and risk factors before drawing conclusions.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2026 | Current EPS (TTM) | |
| 21 | 66.7% | -0.06 | -0.0977 | -1.42 |
Earnings per Share Projection vs Actual
For investors following Plug Power, actual EPS tells what happened; expected EPS tells what the market anticipated would happen. The gap between the two - the earnings surprise - is a primary driver of near-term Plug Power's price reaction. EPS uses a weighted share count to standardize profitability per share across periods with varying equity structures.Estimated Months Earnings per Share
For investors focused on Plug Power's income potential, EPS reveals whether the business generates enough per-share profit to support current and future payouts. EPS growth above the rate of dividend increases signals strengthening coverage; stagnation may indicate payout vulnerability. Always evaluate EPS in the context of cash flow quality and comparable company performance.Quarterly Analyst Estimates and Surprise Metrics
The size of Plug Power's EPS surprise - not just its direction - shapes the market reaction. Small beats may be absorbed without significant price movement, while large positive surprises can trigger sustained re-rating. Analysts build estimates using management projections, peer benchmarks, and historical margin trends.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2026-02-26 | 2025-12-31 | -0.1052 | -0.06 | 0.0452 | 42 | ||
2025-11-10 | 2025-09-30 | -0.13 | -0.12 | 0.01 | 7 | ||
2025-08-11 | 2025-06-30 | -0.1555 | -0.2 | -0.0445 | 28 | ||
2025-05-07 | 2025-03-31 | -0.33 | -0.2012 | 0.1288 | 39 | ||
2025-03-04 | 2024-12-31 | -0.2314 | -0.4086 | -0.1772 | 76 | ||
2024-11-07 | 2024-09-30 | -0.24 | -0.246 | -0.006 | 2 | ||
2024-08-08 | 2024-06-30 | -0.29 | -0.36 | -0.07 | 24 | ||
2024-05-09 | 2024-03-31 | -0.33 | -0.46 | -0.13 | 39 | ||
2024-02-29 | 2023-12-31 | -0.44 | -1.08 | -0.64 | 145 | ||
2023-11-09 | 2023-09-30 | -0.31 | -0.45 | -0.14 | 45 | ||
2023-08-09 | 2023-06-30 | -0.27 | -0.4 | -0.13 | 48 | ||
2023-05-09 | 2023-03-31 | -0.26 | -0.35 | -0.09 | 34 | ||
2023-03-01 | 2022-12-31 | -0.25 | -0.38 | -0.13 | 52 | ||
2022-11-08 | 2022-09-30 | -0.23 | -0.3 | -0.07 | 30 | ||
2022-08-09 | 2022-06-30 | -0.21 | -0.3 | -0.09 | 42 | ||
2022-05-09 | 2022-03-31 | -0.16 | -0.27 | -0.11 | 68 | ||
2022-03-01 | 2021-12-31 | -0.11 | -0.23 | -0.12 | 109 | ||
2021-11-09 | 2021-09-30 | -0.09 | -0.18 | -0.09 | 100 | ||
2021-08-05 | 2021-06-30 | -0.07 | -0.18 | -0.11 | 157 | ||
2021-06-22 | 2021-03-31 | -0.08 | -0.12 | -0.04 | 50 | ||
2021-02-25 | 2020-12-31 | -0.1 | -1.12 | -1.02 | 1020 | ||
2020-11-09 | 2020-09-30 | -0.07 | -0.09 | -0.02 | 28 | ||
2020-08-06 | 2020-06-30 | -0.1 | -0.03 | 0.07 | 70 | ||
2020-05-07 | 2020-03-31 | -0.1 | -0.12 | -0.02 | 20 | ||
2020-03-05 | 2019-12-31 | -0.06 | -0.07 | -0.01 | 16 | ||
2019-11-07 | 2019-09-30 | -0.08 | -0.08 | 0.0 | 0 | ||
2019-08-06 | 2019-06-30 | -0.1 | -0.08 | 0.02 | 20 | ||
2019-05-08 | 2019-03-31 | -0.1 | -0.15 | -0.05 | 50 | ||
2019-03-07 | 2018-12-31 | -0.06 | -0.08 | -0.02 | 33 | ||
2018-11-08 | 2018-09-30 | -0.08 | -0.07 | 0.01 | 12 | ||
2018-08-09 | 2018-06-30 | -0.09 | -0.12 | -0.03 | 33 | ||
2018-05-09 | 2018-03-31 | -0.1 | -0.1 | 0.0 | 0 | ||
2018-03-07 | 2017-12-31 | -0.07 | -0.09 | -0.02 | 28 | ||
2017-11-08 | 2017-09-30 | -0.04 | -0.17 | -0.13 | 325 | ||
2017-08-08 | 2017-06-30 | -0.06 | -0.15 | -0.09 | 150 | ||
2017-05-09 | 2017-03-31 | -0.07 | -0.13 | -0.06 | 85 | ||
2017-03-09 | 2016-12-31 | -0.06 | -0.08 | -0.02 | 33 | ||
2016-11-07 | 2016-09-30 | -0.05 | -0.07 | -0.02 | 40 | ||
2016-08-04 | 2016-06-30 | -0.06 | -0.07 | -0.01 | 16 | ||
2016-05-10 | 2016-03-31 | -0.06 | -0.05 | 0.01 | 16 | ||
2016-03-10 | 2015-12-31 | -0.05 | -0.05 | 0.0 | 0 | ||
2015-11-09 | 2015-09-30 | -0.05 | -0.06 | -0.01 | 20 | ||
2015-08-06 | 2015-06-30 | -0.06 | -0.06 | 0.0 | 0 | ||
2015-05-11 | 2015-03-31 | -0.06 | -0.07 | -0.01 | 16 | ||
2015-03-17 | 2014-12-31 | -0.04 | -0.08 | -0.04 | 100 | ||
2014-11-12 | 2014-09-30 | -0.03 | -0.04 | -0.01 | 33 | ||
2014-08-14 | 2014-06-30 | -0.04 | -0.04 | 0.0 | 0 | ||
2014-05-14 | 2014-03-31 | -0.05 | -0.06 | -0.01 | 20 | ||
2014-03-13 | 2013-12-31 | -0.07 | -0.08 | -0.01 | 14 | ||
2013-11-14 | 2013-09-30 | -0.08 | -0.19 | -0.11 | 137 | ||
2013-08-08 | 2013-06-30 | -0.11 | -0.14 | -0.03 | 27 | ||
2013-05-14 | 2013-03-31 | -0.16 | -0.18 | -0.02 | 12 | ||
2013-03-28 | 2012-12-31 | -0.16 | -0.22 | -0.06 | 37 | ||
2012-11-13 | 2012-09-30 | -0.17 | -0.27 | -0.1 | 58 | ||
2012-08-14 | 2012-06-30 | -0.16 | -0.17 | -0.01 | 6 | ||
2012-05-15 | 2012-03-31 | -0.18 | -0.28 | -0.1 | 55 | ||
2012-03-08 | 2011-12-31 | -0.22 | -0.32 | -0.1 | 45 | ||
2011-11-03 | 2011-09-30 | -0.32 | -0.28 | 0.04 | 12 | ||
2011-08-09 | 2011-06-30 | -0.27 | -0.41 | -0.14 | 51 | ||
2011-05-13 | 2011-03-31 | -0.7 | -0.55 | 0.15 | 21 | ||
2011-03-31 | 2010-12-31 | -0.9 | -0.9 | 0.0 | 0 | ||
2010-11-08 | 2010-09-30 | -0.85 | -0.7 | 0.15 | 17 | ||
2010-08-06 | 2010-06-30 | -0.9 | -1.4 | -0.5 | 55 | ||
2010-05-10 | 2010-03-31 | -0.75 | -0.9 | -0.15 | 20 | ||
2010-03-15 | 2009-12-31 | -0.84 | -0.9 | -0.06 | 7 | ||
2009-11-05 | 2009-09-30 | -0.82 | -0.8 | 0.02 | 2 | ||
2009-07-28 | 2009-06-30 | -0.78 | -0.8 | -0.02 | 2 | ||
2009-05-07 | 2009-03-31 | -1.46 | -0.6 | 0.86 | 58 | ||
2009-03-16 | 2008-12-31 | -1.6 | -6.9 | -5.3 | 331 | ||
2008-11-10 | 2008-09-30 | -1.77 | -1.6 | 0.17 | 9 | ||
2008-08-06 | 2008-06-30 | -1.86 | -2.6 | -0.74 | 39 | ||
2008-05-08 | 2008-03-31 | -1.7 | -2.4 | -0.7 | 41 | ||
2008-03-11 | 2007-12-31 | -1.77 | -2.0 | -0.23 | 12 | ||
2007-10-24 | 2007-09-30 | -1.52 | -1.7 | -0.18 | 11 | ||
2007-07-25 | 2007-06-30 | -1.35 | -1.9 | -0.55 | 40 | ||
2007-04-26 | 2007-03-31 | -1.4 | -1.3 | 0.1 | 7 | ||
2007-03-01 | 2006-12-31 | -1.4 | -1.5 | -0.1 | 7 | ||
2006-10-25 | 2006-09-30 | -1.01 | -1.4 | -0.39 | 38 | ||
2006-07-27 | 2006-06-30 | -1.36 | -1.5 | -0.14 | 10 | ||
2006-04-27 | 2006-03-31 | -1.29 | -1.4 | -0.11 | 8 | ||
2006-02-28 | 2005-12-31 | -1.37 | -1.9 | -0.53 | 38 | ||
2005-10-26 | 2005-09-30 | -1.49 | -1.5 | -0.01 | 0 | ||
2005-07-27 | 2005-06-30 | -1.54 | -1.5 | 0.04 | 2 | ||
2005-04-27 | 2005-03-31 | -1.5 | -1.7 | -0.2 | 13 | ||
2005-02-23 | 2004-12-31 | -1.58 | -1.6 | -0.02 | 1 | ||
2004-10-27 | 2004-09-30 | -1.57 | -1.6 | -0.03 | 1 | ||
2004-07-28 | 2004-06-30 | -1.62 | -1.5 | 0.12 | 7 | ||
2004-04-28 | 2004-03-31 | -1.6 | -1.6 | 0.0 | 0 | ||
2004-02-25 | 2003-12-31 | -1.87 | -2.1 | -0.23 | 12 | ||
2003-10-22 | 2003-09-30 | -2.1 | -2.0 | 0.1 | 4 | ||
2003-07-31 | 2003-06-30 | -2.02 | -2.1 | -0.08 | 3 | ||
2003-05-01 | 2003-03-31 | -2.36 | -2.7 | -0.34 | 14 | ||
2003-02-25 | 2002-12-31 | -2.6 | -2.5 | 0.1 | 3 | ||
2002-10-29 | 2002-09-30 | -2.8 | -2.1 | 0.7 | 25 | ||
2002-07-30 | 2002-06-30 | -2.89 | -2.4 | 0.49 | 16 | ||
2002-05-01 | 2002-03-31 | -3.14 | -2.3 | 0.84 | 26 | ||
2002-02-26 | 2001-12-31 | -3.69 | -3.4 | 0.29 | 7 | ||
2001-11-01 | 2001-09-30 | -3.82 | -3.8 | 0.02 | 0 | ||
2001-07-26 | 2001-06-30 | -4.27 | -4.1 | 0.17 | 3 | ||
2001-04-26 | 2001-03-31 | -4.43 | -4.3 | 0.13 | 2 | ||
2001-02-09 | 2000-12-31 | -4.8 | -5.1 | -0.3 | 6 | ||
2000-11-08 | 2000-09-30 | -4.67 | -5.5 | -0.83 | 17 | ||
2000-08-02 | 2000-06-30 | -3.5 | -4.2 | -0.7 | 20 | ||
2000-02-10 | 1999-12-31 | -2.5 | -2.3 | 0.2 | 8 |
Use Plug Power in pair-trading
Pair analysis around Plug Power matters because it can turn one security idea into a more market-neutral structure. A disciplined pair strategy still requires monitoring because correlation can weaken when market regimes change.
Plug Power Pair Trading
Plug Power Pair Trading Analysis
Portfolio managers use rolling correlation data for Plug Power to assess whether candidate substitutes for Plug Power are stable or episodically correlated. Stable, long-run correlations provide more reliable wash-sale substitutes.
High-frequency correlation analysis for Plug Power uses intraday price data to capture short-term co-movements that may differ from daily or monthly correlation estimates. This is particularly relevant for short-term Plug Power trading strategies.
Use Correlation analysis and pair trading evaluation for Plug Power to review hedging context. The approach can be applied within sectors or across broader universes.Use Investing Themes to Complement your Plug Power position
With 3.23 Billion market cap in the Electrical Equipment & Parts industry, Plug Power works well as a smaller-cap core holding around which broader thematic baskets can be built. For Plug Power in Electrical Equipment & Parts, the theme workflow defines the investment thesis first, then optimizes which Industrials assets best express that view at the smaller-cap level.
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