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Plug Power (PLUG) Financials

Plug Power logo
$0.79 +0.01 (+1.68%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$0.80 +0.01 (+0.87%)
As of 05:40 AM Eastern
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Annual Income Statements for Plug Power

Annual Income Statements for Plug Power

This table shows Plug Power's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders
-2,105 -1,369 -724 -460 -596 -86 -86 -130 -55 151 -89
Consolidated Net Income / (Loss)
-2,105 -1,369 -724 -460 -596 -84 -86 -127 -57 -56 -88
Net Income / (Loss) Continuing Operations
-2,105 -1,618 -724 -460 -596 -84 -86 -127 -55 151 -88
Total Pre-Tax Income
-2,108 -1,376 -723 -476 -627 -84 -95 -127 -58 -56 -89
Total Operating Income
-2,020 -1,344 -680 -437 -584 -48 -76 -102 -52 -59 -38
Total Gross Profit
-625 -508 -194 -171 -469 11 -26 -28 5.02 197 -4.86
Total Revenue
629 891 701 502 -93 230 174 100 83 310 64
Operating Revenue
629 891 701 502 -93 230 174 100 83 103 62
Total Cost of Revenue
1,254 1,399 896 674 376 219 200 128 80 113 69
Operating Cost of Revenue
1,254 1,399 896 674 376 - - 128 80 113 69
Total Operating Expenses
1,395 1,085 485 266 115 58 50 74 54 49 33
Selling, General & Admin Expense
376 422 364 180 79 43 38 45 34 34 27
Research & Development Expense
77 114 100 65 28 15 13 29 21 15 6.47
Impairment Charge
949 519 5.22 10 6.43 0.00 0.00 - - - -
Restructuring Charge
8.15 0.00 0.00 - - - - - - - -
Other Special Charges / (Income)
-16 30 16 11 1.16 0.00 0.00 - - - -
Total Other Income / (Expense), net
-88 -33 -44 -39 -43 -36 -18 -25 -6.36 3.31 -51
Interest Expense
63 45 40 43 43 36 23 - - - -
Interest & Investment Income
-1.46 13 -2.46 4.99 0.77 - - - - - -
Other Income / (Expense), net
-23 -0.13 -1.14 -0.61 -0.74 0.08 4.29 -25 -6.36 3.31 -51
Income Tax Expense
-2.69 -7.36 0.84 -16 -31 0.00 -9.30 - -0.39 - -0.33
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.20 0.00 0.00 - - - - - - - -
Basic Earnings per Share
($2.68) ($2.30) ($1.25) ($0.82) ($1.68) ($0.36) ($0.39) ($0.60) ($0.32) ($0.32) ($0.56)
Weighted Average Basic Shares Outstanding
785.02M 595.47M 579.72M 558.18M 354.79M 237.15M 218.88M 216.34M 180.62M 176.07M 159.23M
Diluted Earnings per Share
($2.68) ($2.30) ($1.25) ($0.82) ($1.68) ($0.36) ($0.39) ($0.60) ($0.32) ($0.32) ($0.56)
Weighted Average Diluted Shares Outstanding
785.02M 595.47M 579.72M 558.18M 354.79M 237.15M 218.88M 216.34M 180.62M 176.07M 159.23M
Weighted Average Basic & Diluted Shares Outstanding
925.18M 684.26M 593.39M 577.86M 354.79M 237.15M 218.88M 216.34M 180.62M 176.07M 159.23M

Quarterly Income Statements for Plug Power

This table shows Plug Power's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-1,335 -211 -262 -296 -642 -283 -236 -207 -764 0.00
Consolidated Net Income / (Loss)
-1,336 -211 -262 -296 -642 -283 -236 -207 -223 -171
Net Income / (Loss) Continuing Operations
-1,336 -211 -262 -296 -892 -283 -236 -207 -420 -171
Total Pre-Tax Income
-1,338 -211 -263 -296 -643 -288 -237 -208 -224 -169
Total Operating Income
-1,300 -216 -245 -259 -626 -274 -234 -210 -234 -160
Total Gross Profit
-235 -100 -131 -159 -222 -138 -78 -69 -257 -46
Total Revenue
191 174 143 120 222 199 260 210 221 189
Operating Revenue
191 174 143 120 222 199 260 210 221 189
Total Cost of Revenue
426 274 275 279 444 337 338 280 477 235
Operating Cost of Revenue
426 274 275 279 444 337 338 280 477 235
Total Operating Expenses
1,065 116 113 100 653 136 156 140 156 114
Selling, General & Admin Expense
121 92 85 78 112 105 101 104 102 86
Research & Development Expense
13 20 19 25 30 28 29 27 27 28
Impairment Charge
941 4.19 3.94 0.28 507 0.67 9.99 1.08 - 0.00
Restructuring Charge
-0.00 0.51 1.63 6.01 - 0.00 0.00 0.00 - -
Other Special Charges / (Income)
-11 0.15 3.77 -9.20 3.71 2.24 15 8.77 - 0.00
Total Other Income / (Expense), net
-39 5.10 -18 -36 -17 -14 -3.47 1.97 -8.16 -9.49
Interest Expense
19 9.15 9.51 25 11 12 11 11 - 9.02
Interest & Investment Income
3.09 -1.27 0.56 -3.84 -10 -7.42 13 17 - 4.93
Other Income / (Expense), net
-23 16 -9.08 -7.00 4.74 4.99 -5.08 -4.77 - -5.40
Income Tax Expense
-2.57 0.10 -0.38 0.16 -0.45 -4.73 -0.92 -1.27 -0.69 1.52
Basic Earnings per Share
($1.61) ($0.25) ($0.36) ($0.46) ($1.08) ($0.47) ($0.40) ($0.35) - ($0.30)
Weighted Average Basic Shares Outstanding
785.02M 858.44M 736.85M 641.26M 595.47M 599.47M 598.05M 589.21M 579.72M 578.04M
Diluted Earnings per Share
($1.61) ($0.25) ($0.36) ($0.46) ($1.08) ($0.47) ($0.40) ($0.35) - ($0.30)
Weighted Average Diluted Shares Outstanding
785.02M 858.44M 736.85M 641.26M 595.47M 599.47M 598.05M 589.21M 579.72M 578.04M
Weighted Average Basic & Diluted Shares Outstanding
925.18M 911.20M 879.64M 742.56M 684.26M 605.50M 601.97M 589.21M 593.39M 582.90M

Annual Cash Flow Statements for Plug Power

This table details how cash moves in and out of Plug Power's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents
71 -123 -1,791 1,499 1,265 259 42 -33 -11 -82 141
Net Cash From Operating Activities
-729 -1,107 -829 -358 -155 -53 -58 -60 -30 -47 -41
Net Cash From Continuing Operating Activities
-729 -857 -829 -358 -155 -53 -58 -60 -30 -47 -41
Net Income / (Loss) Continuing Operations
-2,105 -1,369 -724 -460 -596 -84 -86 -127 -57 -56 -88
Consolidated Net Income / (Loss)
-2,105 -1,369 -724 -460 -596 -84 -86 -127 -57 -56 -88
Depreciation Expense
61 52 30 21 14 12 12 9.19 4.65 2.01 1.95
Amortization Expense
21 21 25 5.49 18 9.70 7.04 1.36 2.35 0.98 2.39
Non-Cash Adjustments To Reconcile Net Income
1,287 866 200 157 464 18 22 60 -4.70 14 55
Changes in Operating Assets and Liabilities, net
7.47 -427 -360 -82 -56 -9.62 -13 -3.91 26 -8.89 -12
Net Cash From Investing Activities
-402 728 -679 -1,741 -95 -14 -20 -44 -58 -2.02 -0.97
Net Cash From Continuing Investing Activities
-402 728 -679 -1,741 -95 -14 -20 -44 -58 -2.02 -0.97
Purchase of Property, Plant & Equipment
-334 -696 -464 -192 -48 -12 -19 -44 -58 -3.52 -1.41
Acquisitions
0.00 0.00 -57 -155 -47 -2.40 -0.93 - - - -
Purchase of Investments
0.00 0.00 -844 -3,329 0.00 - - - - - -
Sale of Property, Plant & Equipment
0.50 1.10 0.00 0.00 - - - - - - 0.03
Sale and/or Maturity of Investments
0.00 1,496 724 1,936 0.00 - - - - - -
Other Investing Activities, net
-69 -73 -39 - 0.00 0.38 0.00 - - - -
Net Cash From Financing Activities
983 6.12 -77 3,598 1,516 327 120 72 77 -33 183
Net Cash From Continuing Financing Activities
983 6.12 -77 3,598 1,516 446 120 72 77 -33 183
Repayment of Debt
-91 -80 -176 -88 -165 -85 -47 -31 -55 - -
Issuance of Debt
250 104 123 109 369 361 172 20 71 - -
Issuance of Common Equity
868 0.00 0.00 3,588 1,272 158 7.20 23 12 - 177
Other Financing Activities, net
-44 -18 -24 -11 40 1.22 -43 45 33 -33 18
Effect of Exchange Rate Changes
218 - -205 - - -0.06 -0.06 0.35 -0.12 -0.02 -
Cash Interest Paid
45 42 36 19 29 19 13 8.79 8.26 0.55 0.43

Quarterly Cash Flow Statements for Plug Power

This table details how cash moves in and out of Plug Power's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
112 32 -67 -5.25 457 -469 63 -174 -1,207 -414
Net Cash From Operating Activities
-131 -175 -255 -168 -243 -239 -348 -277 -307 -117
Net Cash From Continuing Operating Activities
-131 -175 -255 -168 6.85 -239 -348 -277 -307 -117
Net Income / (Loss) Continuing Operations
-1,336 -211 -262 -296 -642 -283 -236 -207 -223 -171
Consolidated Net Income / (Loss)
-1,336 -211 -262 -296 -642 -283 -236 -207 -223 -171
Depreciation Expense
9.48 17 18 17 14 17 11 9.79 10 9.00
Amortization Expense
8.15 3.75 3.66 5.06 11 5.71 5.37 -0.37 7.69 5.50
Non-Cash Adjustments To Reconcile Net Income
1,120 39 59 69 643 105 65 53 48 53
Changes in Operating Assets and Liabilities, net
67 -24 -73 37 -19 -83 -194 -132 -149 -14
Net Cash From Investing Activities
-44 -90 -148 -121 268 -145 510 96 -659 -286
Net Cash From Continuing Investing Activities
-44 -90 -148 -121 268 -145 510 96 -659 -286
Purchase of Property, Plant & Equipment
-40 -90 -106 -99 -186 -171 -159 -180 -124 -167
Other Investing Activities, net
-4.25 -0.66 -42 -22 -5.79 -26 - - 5.04 -8.44
Net Cash From Financing Activities
204 252 244 283 -8.33 -11 18 7.18 -36 -11
Net Cash From Continuing Financing Activities
204 252 244 283 -8.33 -11 18 7.18 -36 -11
Repayment of Debt
-90 -0.04 21 -21 -74 -0.30 11 -17 -74 -41
Issuance of Debt
196 54 - 0.00 14 13 50 28 39 49
Issuance of Common Equity
75 221 267 305 - - - 0.00 - -
Other Financing Activities, net
24 -23 -44 -1.07 52 -24 -43 -3.92 -0.76 -19
Effect of Exchange Rate Changes
83 44 - - - -74 - - - -
Cash Interest Paid
18 4.35 13 9.11 13 9.11 12 7.87 11 5.66

Annual Balance Sheets for Plug Power

This table presents Plug Power's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets
3,603 4,903 5,764 5,950 2,251 660 390 271 241 209 204
Total Current Assets
1,477 1,787 3,305 4,449 1,603 314 156 120 111 131 193
Cash & Equivalents
206 135 691 2,481 1,312 139 39 25 46 64 146
Restricted Cash
198 217 159 119 64 55 17 14 11 4.01 -
Accounts Receivable
157 244 129 93 43 26 37 24 12 23 16
Inventories, net
683 961 646 269 139 72 48 49 30 33 25
Prepaid Expenses
140 104 150 60 44 21 14 7.93 12 7.86 5.71
Other Current Assets
94 126 62 39 - - - - - - -
Plant, Property, & Equipment, net
866 1,547 809 329 150 15 0.00 0.00 54 1.67 5.31
Total Noncurrent Assets
1,259 1,568 1,650 1,173 498 331 235 151 76 77 6.09
Long-Term Investments
723 881 731 545 258 175 54 29 43 44 0.50
Noncurrent Note & Lease Receivables
52 57 54 32 5.72 1.71 13 10 8.25 7.26 2.38
Intangible Assets
85 189 208 158 39 5.54 3.89 3.79 3.93 4.64 1.49
Other Noncurrent Operating Assets
400 441 409 217 123 140 155 98 12 12 1.72
Total Liabilities & Shareholders' Equity
3,603 4,903 5,764 5,950 2,251 660 390 271 241 209 204
Total Liabilities
1,795 2,005 1,704 1,344 784 528 356 196 146 84 45
Total Current Liabilities
748 965 635 421 222 134 146 116 66 43 26
Short-Term Debt
59 2.72 5.14 15 25 26 17 19 2.96 - 0.59
Accounts Payable
181 258 192 92 50 40 35 42 32 20 10
Accrued Expenses
103 201 156 79 46 14 7.86 11 8.52 9.85 10
Current Deferred Revenue
144 204 132 116 23 12 12 8.63 5.74 4.47 3.32
Other Current Liabilities
261 300 150 117 77 41 75 35 17 7.93 1.56
Total Noncurrent Liabilities
1,047 1,040 1,069 924 562 394 210 81 80 41 19
Long-Term Debt
323 196 198 305 236 196 63 13 21 - -
Noncurrent Deferred Revenue
59 84 98 67 33 23 28 26 17 14 6.77
Other Noncurrent Operating Liabilities
665 759 773 552 293 175 118 42 41 27 12
Total Equity & Noncontrolling Interests
1,808 2,898 4,060 4,606 1,467 130 2.71 74 85 125 158
Total Preferred & Common Equity
1,734 2,898 4,060 4,606 1,467 130 2.71 74 85 125 158
Total Common Equity
1,734 2,898 4,060 4,606 1,467 130 2.71 74 85 125 158
Common Stock
8,440 7,501 7,303 7,077 3,451 1,510 1,292 1,253 1,139 1,121 1,098
Retained Earnings
-6,594 -4,490 -3,121 -2,397 -1,946 -1,350 -1,260 -1,179 -1,051 -994 -938
Accumulated Other Comprehensive Income / (Loss)
-2.50 -6.80 -26 -1.53 2.45 1.29 1.58 2.19 0.25 0.80 0.90
Other Equity Adjustments
-109 -106 -96 -73 - - - - - - -
Noncontrolling Interest
74 0.00 - - - - - - - - -

Quarterly Balance Sheets for Plug Power

This table presents Plug Power's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
4,725 4,780 4,847 5,452 5,583 5,654 5,859
Total Current Assets
1,634 1,672 1,767 2,240 2,617 2,977 3,652
Cash & Equivalents
94 62 173 111 579 475 1,748
Restricted Cash
217 223 220 226 173 176 157
Accounts Receivable
167 190 149 163 217 128 95
Inventories, net
886 940 976 1,024 904 776 516
Prepaid Expenses
125 125 119 147 140 156 136
Other Current Assets
145 133 130 112 99 99 50
Plant, Property, & Equipment, net
1,534 1,510 1,569 1,252 1,062 875 607
Total Noncurrent Assets
1,557 1,598 1,512 1,960 1,904 1,802 1,600
Long-Term Investments
782 831 842 905 864 790 692
Noncurrent Note & Lease Receivables
53 55 56 55 56 57 50
Intangible Assets
175 178 183 193 199 204 196
Other Noncurrent Operating Assets
547 534 430 559 535 502 432
Total Liabilities & Shareholders' Equity
4,725 4,780 4,847 5,452 5,583 5,654 5,859
Total Liabilities
1,696 1,791 1,918 1,943 1,844 1,732 1,635
Total Current Liabilities
787 810 911 931 828 678 599
Short-Term Debt
61 3.03 2.79 2.65 0.51 5.23 0.94
Accounts Payable
207 254 286 293 220 188 200
Accrued Expenses
107 113 155 154 166 168 157
Current Deferred Revenue
132 175 180 177 165 137 108
Other Current Liabilities
279 265 288 305 275 179 133
Total Noncurrent Liabilities
909 982 1,007 1,012 1,016 1,055 1,036
Long-Term Debt
152 211 211 196 198 198 259
Noncurrent Deferred Revenue
60 71 76 77 87 83 81
Other Noncurrent Operating Liabilities
698 700 720 739 731 774 696
Total Equity & Noncontrolling Interests
3,029 2,989 2,929 3,509 3,739 3,922 4,224
Total Preferred & Common Equity
3,029 2,989 2,929 3,509 3,739 3,922 4,224
Total Common Equity
3,029 2,989 2,929 3,509 3,739 3,922 4,224
Common Stock
8,398 8,145 7,830 7,462 7,416 7,367 7,251
Retained Earnings
-5,259 -5,048 -4,786 -3,847 -3,564 -3,327 -2,897
Accumulated Other Comprehensive Income / (Loss)
-1.63 -1.95 -9.08 -1.62 -14 -19 -35
Other Equity Adjustments
-108 -107 -107 -104 -99 -99 -

Annual Metrics And Ratios for Plug Power

This table displays calculated financial ratios and metrics derived from Plug Power's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-29.45% 27.07% 39.63% 638.78% -140.54% 32.01% 73.95% 20.93% -73.27% 382.43% 141.46%
EBITDA Growth
-54.41% -103.13% -51.96% 25.49% -2,033.13% 51.40% 54.28% -129.03% 3.46% 37.61% -36.50%
EBIT Growth
-52.07% -97.40% -55.43% 25.13% -1,130.57% 34.12% 43.22% -119.56% -3.93% 37.30% -34.43%
NOPAT Growth
-50.34% -97.71% -55.39% 25.14% -1,126.98% 37.71% 24.91% -97.58% 12.68% -55.55% -30.96%
Net Income Growth
-53.77% -89.06% -57.41% 22.84% -611.89% 2.18% 32.63% -121.06% -3.23% 37.06% -41.20%
EPS Growth
-16.52% -84.00% -52.44% 51.19% -366.67% 7.69% 35.00% -87.50% 0.00% 42.86% 31.71%
Operating Cash Flow Growth
34.15% -33.54% -131.35% -130.37% -191.57% 8.61% 3.04% -103.07% 37.31% -15.92% -51.71%
Free Cash Flow Firm Growth
61.43% -22.55% -114.29% -16.78% -3,858.62% 32.70% 78.81% -130.49% 5.32% 28.80% -694.89%
Invested Capital Growth
-42.94% 53.47% 209.09% 319.56% 691.17% -461.29% -88.59% 115.11% 26.78% 5.82% 169.28%
Revenue Q/Q Growth
-4.65% 0.16% 9.16% 1,502.98% -130.34% 16.16% 22.23% 287.21% -77.88% 259.01% 26.42%
EBITDA Q/Q Growth
-56.53% -43.39% -3.86% 39.99% -837.03% 47.08% 25.72% -0.33% 14.56% 69.09% -380.14%
EBIT Q/Q Growth
-52.25% -41.24% -5.28% 38.75% -566.65% 32.07% 18.28% -0.18% 9.62% 67.98% -443.00%
NOPAT Q/Q Growth
-50.04% -41.22% -5.10% 38.78% -423.76% 23.67% -2.91% -6.02% 19.13% -22.67% 18.76%
Net Income Q/Q Growth
-49.11% -44.10% -4.41% 38.77% -363.56% 8.51% -6.07% -0.18% 9.44% -47.93% 19.83%
EPS Q/Q Growth
-24.65% 0.00% 0.00% 55.43% -330.77% 12.20% -2.63% 1.64% 11.11% -166.67% 39.13%
Operating Cash Flow Q/Q Growth
13.26% 5.46% -55.84% -3.08% 1.62% 22.17% -184.22% 25.94% 25.25% -0.47% -2.05%
Free Cash Flow Firm Q/Q Growth
43.29% 8.55% -18.24% 0.17% -109.98% 49.17% -18.09% 15.18% -285.67% 52.47% -31.89%
Invested Capital Q/Q Growth
-50.51% -7.26% 29.57% 34.21% -49.74% -190.37% -87.62% -45.83% -40.24% -78.03% 43.09%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
-99.38% -56.97% -27.71% -34.10% 0.00% 4.63% -14.93% -28.05% 6.06% 63.47% -7.57%
EBITDA Margin
-311.94% -142.52% -89.16% -81.92% 0.00% -11.26% -30.58% -116.35% -61.43% -17.01% -131.52%
Operating Margin
-321.21% -150.73% -96.88% -87.06% 0.00% -20.70% -43.88% -101.64% -62.21% -19.04% -59.06%
EBIT Margin
-324.93% -150.75% -97.04% -87.18% 0.00% -20.67% -41.42% -126.89% -69.89% -17.97% -138.27%
Profit (Net Income) Margin
-334.74% -153.57% -103.22% -91.56% 0.00% -36.41% -49.14% -126.89% -69.41% -17.97% -137.77%
Tax Burden Percent
99.87% 99.46% 100.12% 96.60% 95.08% 100.00% 90.21% 100.00% 99.32% 100.00% 99.63%
Interest Burden Percent
103.15% 102.42% 106.24% 108.73% 107.19% 176.17% 131.53% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-96.57% -61.08% -59.17% -125.80% 0.00% 0.00% -249.92% -253.12% -225.68% -301.35% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
-18.83% -39.00% -52.13% -120.29% 0.00% 0.00% -152.49% -154.11% -202.96% -290.19% 0.00%
Return on Net Nonoperating Assets (RNNOA)
7.11% 21.74% 42.46% 110.65% 0.00% 0.00% 92.43% 102.79% 173.56% 262.31% 0.00%
Return on Equity (ROE)
-89.46% -39.34% -16.71% -15.15% -74.61% -101.26% -157.50% -150.33% -52.12% -39.04% -122.96%
Cash Return on Invested Capital (CROIC)
-41.89% -103.27% -161.39% -248.81% -553.46% 0.00% -90.90% -326.18% -249.29% -307.00% -443.71%
Operating Return on Assets (OROA)
-48.04% -25.19% -11.62% -10.68% 0.00% -9.06% -21.83% -49.68% -25.71% -26.93% -74.16%
Return on Assets (ROA)
-49.49% -25.66% -12.36% -11.22% 0.00% -15.95% -25.90% -49.68% -25.53% -26.93% -73.89%
Return on Common Equity (ROCE)
-88.06% -39.34% -16.71% -15.15% -74.56% -81.18% -110.63% -141.15% -49.57% -38.72% -119.95%
Return on Equity Simple (ROE_SIMPLE)
-121.38% -47.23% -17.83% -9.99% -40.64% -64.47% -3,155.47% -172.56% -67.56% -44.65% -55.90%
Net Operating Profit after Tax (NOPAT)
-1,414 -940 -476 -306 -409 -33 -54 -71 -36 -41 -27
NOPAT Margin
-224.85% -105.51% -67.82% -60.94% 0.00% -14.49% -30.71% -71.15% -43.54% -13.33% -41.34%
Net Nonoperating Expense Percent (NNEP)
-77.74% -22.09% -7.04% -5.51% -24.63% -57.01% -97.43% -99.01% -22.71% -11.16% -82.67%
Return On Investment Capital (ROIC_SIMPLE)
-64.56% -30.36% -11.16% - - - - - - - -
Cost of Revenue to Revenue
199.38% 156.97% 127.71% 134.10% 0.00% 95.37% 114.93% 128.05% 96.53% 36.53% 107.57%
SG&A Expenses to Revenue
59.81% 47.40% 51.88% 35.80% 0.00% 18.79% 21.63% 44.94% 41.40% 11.03% 41.42%
R&D to Revenue
12.28% 12.76% 14.20% 12.89% 0.00% 6.55% 7.32% 28.65% 25.57% 4.82% 10.07%
Operating Expenses to Revenue
221.84% 121.75% 69.17% 52.95% 0.00% 25.33% 28.95% 73.59% 65.68% 15.85% 51.49%
Earnings before Interest and Taxes (EBIT)
-2,043 -1,344 -681 -438 -585 -48 -72 -127 -58 -56 -89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-1,962 -1,270 -625 -412 -552 -26 -53 -117 -51 -53 -84
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.12 0.94 1.78 3.53 9.61 6.35 106.66 7.32 2.55 3.04 3.28
Price to Tangible Book Value (P/TBV)
1.18 1.01 2.00 3.85 10.40 7.14 0.00 8.92 2.97 3.40 3.31
Price to Revenue (P/Rev)
3.09 3.06 10.28 32.39 0.00 3.59 1.66 5.38 2.61 1.23 8.09
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.52 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 39.70% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.19 0.91 3.59 30.68 135.78 0.00 66.36 13.11 8.36 19.10 28.11
Enterprise Value to Revenue (EV/Rev)
2.02 1.90 6.22 24.00 0.00 2.95 1.67 5.03 1.80 0.87 5.83
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.21 0.07 0.05 0.07 0.18 1.70 2.33 0.43 0.25 0.00 0.00
Long-Term Debt to Equity
0.18 0.07 0.05 0.07 0.16 1.50 1.84 0.18 0.22 0.00 0.00
Financial Leverage
-0.38 -0.56 -0.81 -0.92 -0.95 -1.07 -0.61 -0.67 -0.86 -0.90 -1.04
Leverage Ratio
1.81 1.53 1.35 1.35 1.82 6.35 6.08 3.03 2.04 1.45 1.66
Compound Leverage Factor
1.86 1.57 1.44 1.47 1.95 11.18 8.00 3.03 2.04 1.45 1.66
Debt to Total Capital
17.45% 6.43% 4.76% 6.51% 15.11% 62.94% 70.01% 30.18% 20.08% 0.00% 0.37%
Short-Term Debt to Total Capital
2.70% 0.09% 0.12% 0.31% 1.47% 7.48% 14.67% 17.62% 2.50% 0.00% 0.37%
Long-Term Debt to Total Capital
14.75% 6.34% 4.64% 6.20% 13.64% 55.46% 55.33% 12.56% 17.58% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
3.36% 0.00% 0.00% 0.00% 0.00% 0.33% 27.63% 0.67% 8.12% 0.92% 0.72%
Common Equity to Total Capital
79.19% 93.57% 95.24% 93.49% 84.89% 36.73% 2.37% 69.16% 71.80% 99.08% 98.91%
Debt to EBITDA
-0.19 -0.16 -0.32 -0.78 -0.47 -8.60 -1.50 -0.28 -0.47 0.00 -0.01
Net Debt to EBITDA
0.38 0.81 4.55 10.24 2.49 5.67 0.56 0.31 1.51 0.00 1.73
Long-Term Debt to EBITDA
-0.16 -0.15 -0.32 -0.74 -0.43 -7.58 -1.19 -0.11 -0.41 0.00 0.00
Debt to NOPAT
-0.27 -0.21 -0.43 -1.05 -0.64 -6.68 -1.50 -0.45 -0.66 0.00 -0.02
Net Debt to NOPAT
0.53 1.10 5.98 13.76 3.36 4.41 0.56 0.50 2.13 0.00 5.50
Long-Term Debt to NOPAT
-0.23 -0.21 -0.42 -1.00 -0.58 -5.88 -1.18 -0.19 -0.58 0.00 0.00
Altman Z-Score
-3.37 -0.99 2.07 7.35 9.41 -1.49 -4.17 -5.61 -5.45 -2.81 0.40
Noncontrolling Interest Sharing Ratio
1.56% 0.00% 0.00% 0.00% 0.07% 19.83% 29.76% 6.11% 4.88% 0.81% 2.45%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.97 1.85 5.20 10.58 7.21 2.34 1.06 1.03 1.67 3.07 7.50
Quick Ratio
0.48 0.39 3.60 9.42 6.10 1.23 0.52 0.42 0.87 2.03 6.31
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-613 -1,590 -1,297 -605 -518 -13 -19 -92 -40 -42 -59
Operating Cash Flow to CapEx
-218.32% -159.21% -178.63% -186.22% -322.14% -436.55% -312.99% -135.66% -51.03% -1,343.01% -2,957.22%
Free Cash Flow to Firm to Interest Expense
-9.75 -35.18 -32.42 -14.01 -12.11 -0.36 -0.86 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
-11.58 -24.48 -20.70 -8.29 -3.63 -1.47 -2.56 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
-16.89 -39.86 -32.29 -12.74 -4.76 -1.81 -3.38 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.15 0.17 0.12 0.12 0.00 0.44 0.53 0.39 0.37 1.50 0.54
Accounts Receivable Turnover
3.14 4.78 6.32 7.40 0.00 7.29 5.66 5.55 4.79 16.00 6.18
Inventory Turnover
1.53 1.74 1.96 3.30 3.55 3.65 4.14 3.26 2.55 3.94 3.93
Fixed Asset Turnover
0.52 0.76 1.23 2.10 0.00 0.00 0.00 0.00 2.97 88.80 12.13
Accounts Payable Turnover
5.71 6.22 6.30 9.45 8.31 5.83 5.19 3.44 3.04 7.39 10.41
Days Sales Outstanding (DSO)
116.40 76.42 57.79 49.31 0.00 50.09 64.45 65.79 76.19 22.82 59.09
Days Inventory Outstanding (DIO)
239.30 209.60 186.37 110.68 102.74 100.10 88.13 112.02 143.12 92.70 92.83
Days Payable Outstanding (DPO)
63.87 58.66 57.90 38.61 43.94 62.57 70.36 105.98 120.00 49.41 35.08
Cash Conversion Cycle (CCC)
291.82 227.36 186.26 121.38 0.00 87.61 82.23 71.82 99.30 66.11 116.83
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,064 1,864 1,215 393 94 -16 4.39 38 18 14 13
Invested Capital Turnover
0.43 0.58 0.87 2.06 0.00 -40.14 8.14 3.56 5.18 22.61 -21.76
Increase / (Decrease) in Invested Capital
-801 650 822 299 110 -20 -34 21 3.77 0.78 33
Enterprise Value (EV)
1,270 1,691 4,365 12,058 12,720 679 291 504 149 269 374
Market Capitalization
1,941 2,725 7,211 16,271 14,093 825 289 539 217 380 519
Book Value per Share
$1.90 $4.79 $6.97 $7.99 $3.53 $0.50 $0.01 $0.32 $0.47 $0.69 $0.91
Tangible Book Value per Share
$1.81 $4.47 $6.18 $7.33 $3.26 $0.44 ($0.04) $0.26 $0.40 $0.62 $0.91
Total Capital
2,190 3,097 4,263 4,926 1,728 354 115 106 119 126 160
Total Debt
382 199 203 321 261 223 80 32 24 0.00 0.59
Total Long-Term Debt
323 196 198 305 236 196 63 13 21 0.00 0.00
Net Debt
-744 -1,034 -2,845 -4,213 -1,373 -147 -30 -36 -77 -112 -146
Capital Expenditures (CapEx)
334 695 464 192 48 12 19 44 58 3.52 1.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)
385 473 358 55 30 12 -30 -16 -9.82 21 21
Debt-free Net Working Capital (DFNWC)
788 825 2,675 4,043 1,406 206 26 23 47 89 168
Net Working Capital (NWC)
729 822 2,670 4,028 1,381 180 9.25 3.89 44 89 167
Net Nonoperating Expense (NNE)
691 428 248 154 187 50 32 56 21 14 62
Net Nonoperating Obligations (NNO)
-744 -1,034 -2,845 -4,213 -1,373 -147 -30 -36 -77 -112 -146
Total Depreciation and Amortization (D&A)
82 73 55 26 33 22 19 11 7.00 2.99 4.34
Debt-free, Cash-free Net Working Capital to Revenue
61.15% 53.10% 51.01% 10.96% 0.00% 5.15% -17.19% -16.05% -11.86% 6.63% 33.35%
Debt-free Net Working Capital to Revenue
125.35% 92.54% 381.38% 804.87% 0.00% 89.64% 14.95% 22.61% 57.25% 28.57% 260.98%
Net Working Capital to Revenue
115.93% 92.24% 380.65% 801.84% 0.00% 78.14% 5.31% 3.88% 53.67% 28.57% 260.06%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($2.68) ($2.30) ($1.25) ($0.82) $0.00 ($0.36) ($0.36) ($0.60) ($0.32) ($0.32) ($0.56)
Adjusted Weighted Average Basic Shares Outstanding
785.02M 595.47M 579.72M 558.18M 0.00 321.29M 233.84M 228.59M 191.19M 180.11M 173.41M
Adjusted Diluted Earnings per Share
($2.68) ($2.30) ($1.25) ($0.82) $0.00 ($0.36) ($0.36) ($0.60) ($0.32) ($0.32) ($0.56)
Adjusted Weighted Average Diluted Shares Outstanding
785.02M 595.47M 579.72M 558.18M 0.00 321.29M 233.84M 228.59M 191.19M 180.11M 173.41M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 ($0.36) ($0.36) ($0.60) ($0.32) ($0.32) ($0.56)
Adjusted Weighted Average Basic & Diluted Shares Outstanding
925.18M 684.26M 593.39M 577.86M 0.00 237.15M 218.88M 216.34M 180.62M 176.07M 159.23M
Normalized Net Operating Profit after Tax (NOPAT)
-755 -556 -461 -291 -404 -33 -54 -71 -36 -41 -27
Normalized NOPAT Margin
-120.03% -62.40% -65.65% -57.96% 0.00% -14.49% -30.71% -71.15% -43.54% -13.33% -41.34%
Pre Tax Income Margin
-335.17% -154.40% -103.10% -94.79% 0.00% -36.41% -54.47% -126.89% -69.89% -17.97% -138.27%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-32.48 -29.73 -17.01 -10.13 -13.66 -1.31 -3.17 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
-22.48 -20.81 -11.89 -7.08 -9.55 -0.92 -2.35 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
-37.79 -45.10 -28.60 -14.58 -14.79 -1.65 -3.99 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
-27.78 -36.18 -23.48 -11.53 -10.68 -1.26 -3.17 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.32% -0.44% -13.09%

Quarterly Metrics And Ratios for Plug Power

This table displays calculated financial ratios and metrics derived from Plug Power's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
-13.81% -12.57% -44.90% -42.81% 0.64% 5.35% 72.00% 49.35% 36.34% 31.06%
EBITDA Growth
-118.78% 27.10% -4.51% -19.30% -176.31% -63.77% -61.59% -60.05% -11.25% -64.60%
EBIT Growth
-112.89% 25.40% -6.21% -24.16% -165.76% -62.88% -59.96% -54.19% -16.27% -67.30%
NOPAT Growth
-107.63% 21.10% -4.63% -23.65% -167.79% -71.50% -59.17% -50.76% -16.44% -61.91%
Net Income Growth
-107.91% 25.51% -10.97% -43.19% -187.47% -66.01% -36.41% -32.00% -15.84% -60.08%
EPS Growth
-49.07% 46.81% 10.00% -31.43% 0.00% -56.67% -33.33% 0.00% 0.00% -57.89%
Operating Cash Flow Growth
45.91% 26.78% 26.82% 39.43% 20.85% -104.31% -78.33% -31.92% -3,068.72% -14.79%
Free Cash Flow Firm Growth
89.97% 77.04% 63.24% 45.45% -10.38% -67.13% -85.87% -96.50% -124.02% -330.97%
Invested Capital Growth
-42.94% 6.92% 14.94% 25.86% 53.47% 114.41% 134.11% 147.96% 209.09% 220.16%
Revenue Q/Q Growth
10.21% 21.19% 19.20% -45.87% 11.80% -23.63% 23.73% -4.74% 17.02% 24.70%
EBITDA Q/Q Growth
-625.39% 22.50% 5.17% 59.31% -141.72% -11.10% -8.26% 5.39% -43.27% -9.62%
EBIT Q/Q Growth
-559.04% 20.92% 4.75% 57.11% -130.93% -12.58% -11.35% 8.20% -41.53% -10.56%
NOPAT Q/Q Growth
-501.20% 11.65% 5.68% 58.56% -128.46% -17.16% -11.46% 10.24% -46.32% -8.74%
Net Income Q/Q Growth
-532.50% 19.50% 11.31% 53.96% -126.61% -19.92% -14.44% 7.56% -30.87% 1.46%
EPS Q/Q Growth
-544.00% 30.56% 21.74% 57.41% -129.79% -17.50% -14.29% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
24.98% 31.33% -51.88% 30.88% -1.57% 31.37% -25.70% 9.67% -162.17% 40.09%
Free Cash Flow Firm Q/Q Growth
62.42% 34.38% 22.85% 47.27% 13.98% -5.04% -14.49% -6.70% -30.25% -16.82%
Invested Capital Q/Q Growth
-50.51% 2.99% 9.38% 2.34% -7.26% 10.72% 19.77% 24.79% 29.57% 20.89%
Profitability Metrics
- - - - - - - - - -
Gross Margin
-122.49% -57.58% -91.56% -132.27% -100.06% -69.43% -30.03% -33.00% -116.26% -24.42%
EBITDA Margin
-681.46% -103.54% -161.91% -203.51% -268.46% -124.16% -85.36% -97.56% -97.78% -79.87%
Operating Margin
-678.75% -124.43% -170.68% -215.70% -281.74% -137.87% -89.88% -99.77% -105.89% -84.69%
EBIT Margin
-690.66% -115.50% -177.02% -221.52% -279.61% -135.36% -91.83% -102.04% -105.89% -87.55%
Profit (Net Income) Margin
-697.57% -121.55% -183.00% -245.94% -289.16% -142.66% -90.86% -98.23% -101.23% -90.53%
Tax Burden Percent
99.81% 100.05% 99.86% 100.06% 99.93% 98.36% 99.61% 99.39% 99.69% 100.90%
Interest Burden Percent
101.19% 105.19% 103.53% 110.96% 103.49% 107.15% 99.33% 96.86% 95.90% 102.48%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-204.06% -27.62% -41.91% -70.67% -114.18% -58.27% -42.72% -50.62% -64.67% -61.92%
ROIC Less NNEP Spread (ROIC-NNEP)
-156.15% -22.59% -35.47% -64.01% -103.65% -54.44% -40.07% -48.71% -62.98% -60.39%
Return on Net Nonoperating Assets (RNNOA)
58.99% 8.22% 14.89% 32.02% 57.78% 33.68% 27.22% 36.37% 51.29% 52.07%
Return on Equity (ROE)
-145.08% -19.40% -27.02% -38.66% -56.40% -24.59% -15.51% -14.24% -13.38% -9.85%
Cash Return on Invested Capital (CROIC)
-41.89% -51.99% -64.26% -79.86% -103.27% -117.96% -125.51% -134.41% -161.39% -178.36%
Operating Return on Assets (OROA)
-102.12% -14.97% -23.38% -33.81% -46.73% -21.30% -14.28% -13.73% -12.68% -9.70%
Return on Assets (ROA)
-103.14% -15.75% -24.17% -37.53% -48.32% -22.45% -14.13% -13.22% -12.12% -10.03%
Return on Common Equity (ROCE)
-142.81% -19.40% -27.02% -38.66% -56.40% -24.59% -15.51% -14.24% -13.38% -9.85%
Return on Equity Simple (ROE_SIMPLE)
0.00% -46.60% -49.66% -49.78% 0.00% -27.07% -22.39% -19.74% 0.00% -16.42%
Net Operating Profit after Tax (NOPAT)
-910 -151 -171 -182 -438 -192 -164 -147 -164 -112
NOPAT Margin
-475.12% -87.10% -119.48% -150.99% -197.22% -96.51% -62.91% -69.84% -74.12% -59.28%
Net Nonoperating Expense Percent (NNEP)
-47.92% -5.03% -6.45% -6.66% -10.53% -3.83% -2.65% -1.90% -1.70% -1.53%
Return On Investment Capital (ROIC_SIMPLE)
-41.54% - - - -14.15% - - - -3.84% -
Cost of Revenue to Revenue
222.49% 157.58% 191.56% 232.27% 200.06% 169.43% 130.03% 133.00% 216.26% 124.42%
SG&A Expenses to Revenue
63.42% 52.72% 59.40% 64.82% 50.35% 53.07% 38.88% 49.46% 45.99% 45.37%
R&D to Revenue
6.94% 11.35% 13.21% 21.02% 13.64% 13.92% 11.24% 12.62% 12.44% 14.90%
Operating Expenses to Revenue
556.26% 66.85% 79.12% 83.43% 293.99% 68.44% 59.84% 66.77% 70.54% 60.27%
Earnings before Interest and Taxes (EBIT)
-1,322 -201 -254 -266 -621 -269 -239 -215 -234 -165
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-1,305 -180 -232 -245 -596 -247 -222 -205 -216 -151
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.12 0.66 0.58 0.80 0.94 1.30 1.67 1.77 1.78 2.88
Price to Tangible Book Value (P/TBV)
1.18 0.70 0.62 0.86 1.01 1.49 1.90 2.01 2.00 3.20
Price to Revenue (P/Rev)
3.09 3.01 2.53 2.94 3.06 5.14 7.09 9.02 10.28 18.92
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.19 0.52 0.40 0.70 0.91 1.53 2.38 3.00 3.59 9.46
Enterprise Value to Revenue (EV/Rev)
2.02 1.68 1.21 1.66 1.90 3.46 4.91 5.90 6.22 13.81
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.21 0.07 0.07 0.07 0.07 0.06 0.05 0.05 0.05 0.06
Long-Term Debt to Equity
0.18 0.05 0.07 0.07 0.07 0.06 0.05 0.05 0.05 0.06
Financial Leverage
-0.38 -0.36 -0.42 -0.50 -0.56 -0.62 -0.68 -0.75 -0.81 -0.86
Leverage Ratio
1.81 1.56 1.54 1.53 1.53 1.46 1.40 1.36 1.35 1.30
Compound Leverage Factor
1.83 1.64 1.59 1.70 1.59 1.57 1.39 1.32 1.30 1.33
Debt to Total Capital
17.45% 6.57% 6.68% 6.80% 6.43% 5.37% 5.05% 4.93% 4.76% 5.80%
Short-Term Debt to Total Capital
2.70% 1.89% 0.09% 0.09% 0.09% 0.07% 0.01% 0.13% 0.12% 0.02%
Long-Term Debt to Total Capital
14.75% 4.67% 6.59% 6.71% 6.34% 5.29% 5.03% 4.80% 4.64% 5.78%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
3.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
79.19% 93.43% 93.32% 93.20% 93.57% 94.63% 94.95% 95.07% 95.24% 94.20%
Debt to EBITDA
-0.19 -0.17 -0.16 -0.16 -0.16 -0.22 -0.26 -0.29 -0.32 -0.43
Net Debt to EBITDA
0.38 0.70 0.68 0.78 0.81 1.69 2.47 3.45 4.55 5.46
Long-Term Debt to EBITDA
-0.16 -0.12 -0.16 -0.16 -0.15 -0.22 -0.25 -0.28 -0.32 -0.43
Debt to NOPAT
-0.27 -0.23 -0.22 -0.22 -0.21 -0.30 -0.34 -0.39 -0.43 -0.57
Net Debt to NOPAT
0.53 0.93 0.92 1.05 1.10 2.25 3.28 4.58 5.98 7.26
Long-Term Debt to NOPAT
-0.23 -0.16 -0.21 -0.22 -0.21 -0.29 -0.34 -0.38 -0.42 -0.57
Altman Z-Score
-2.71 -0.64 -0.71 -0.45 -0.50 0.71 1.54 2.08 2.32 4.41
Noncontrolling Interest Sharing Ratio
1.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.97 2.08 2.07 1.94 1.85 2.41 3.16 4.39 5.20 6.09
Quick Ratio
0.48 0.33 0.31 0.35 0.39 0.79 1.57 2.61 3.60 4.66
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-109 -290 -442 -574 -1,088 -1,264 -1,204 -1,051 -985 -757
Operating Cash Flow to CapEx
-331.53% -194.99% -239.75% -169.95% -131.24% -139.31% -219.37% -153.88% -248.17% -69.92%
Free Cash Flow to Firm to Interest Expense
-5.78 -31.74 -46.52 -22.61 -94.71 -107.14 -106.86 -98.73 0.00 -83.88
Operating Cash Flow to Interest Expense
-6.96 -19.12 -26.78 -6.61 -21.13 -20.24 -30.90 -26.00 0.00 -12.96
Operating Cash Flow Less CapEx to Interest Expense
-9.05 -28.93 -37.96 -10.50 -37.23 -34.77 -44.99 -42.90 0.00 -31.50
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.15 0.13 0.13 0.15 0.17 0.16 0.16 0.13 0.12 0.11
Accounts Receivable Turnover
3.14 3.99 3.37 5.80 4.78 6.88 6.33 8.33 6.32 5.64
Inventory Turnover
1.53 1.33 1.45 1.60 1.74 1.86 1.99 2.12 1.96 1.79
Fixed Asset Turnover
0.52 0.47 0.53 0.66 0.76 0.96 1.18 1.29 1.23 1.65
Accounts Payable Turnover
5.71 5.09 5.63 5.91 6.22 5.81 7.26 8.81 6.30 4.98
Days Sales Outstanding (DSO)
116.40 91.43 108.38 62.98 76.42 53.04 57.69 43.80 57.79 64.71
Days Inventory Outstanding (DIO)
239.30 274.00 252.05 228.52 209.60 196.32 183.02 172.18 186.37 203.81
Days Payable Outstanding (DPO)
63.87 71.75 64.82 61.80 58.66 62.80 50.31 41.43 57.90 73.28
Cash Conversion Cycle (CCC)
291.82 293.68 295.61 229.70 227.36 186.56 190.40 174.56 186.26 195.24
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,064 2,149 2,087 1,908 1,864 2,010 1,816 1,516 1,215 938
Invested Capital Turnover
0.43 0.32 0.35 0.47 0.58 0.60 0.68 0.72 0.87 1.04
Increase / (Decrease) in Invested Capital
-801 139 271 392 650 1,073 1,040 905 822 645
Enterprise Value (EV)
1,270 1,108 828 1,333 1,691 3,076 4,316 4,549 4,365 8,872
Market Capitalization
1,941 1,988 1,730 2,354 2,725 4,575 6,240 6,955 7,211 12,158
Book Value per Share
$1.90 $3.44 $4.02 $4.28 $4.79 $5.83 $6.23 $6.61 $6.97 $7.30
Tangible Book Value per Share
$1.81 $3.24 $3.78 $4.01 $4.47 $5.10 $5.48 $5.84 $6.18 $6.56
Total Capital
2,190 3,242 3,203 3,143 3,097 3,708 3,938 4,125 4,263 4,483
Total Debt
382 213 214 214 199 199 199 203 203 260
Total Long-Term Debt
323 152 211 211 196 196 198 198 198 259
Net Debt
-744 -880 -902 -1,021 -1,034 -1,499 -1,923 -2,406 -2,845 -3,286
Capital Expenditures (CapEx)
40 90 106 99 185 171 159 180 124 167
Debt-free, Cash-free Net Working Capital (DFCFNWC)
385 598 581 465 473 519 532 486 358 199
Debt-free Net Working Capital (DFNWC)
788 908 866 858 825 1,312 1,790 2,305 2,675 3,053
Net Working Capital (NWC)
729 847 863 855 822 1,309 1,789 2,300 2,670 3,052
Net Nonoperating Expense (NNE)
426 60 91 114 204 92 73 60 60 59
Net Nonoperating Obligations (NNO)
-744 -880 -902 -1,021 -1,034 -1,499 -1,923 -2,406 -2,845 -3,286
Total Depreciation and Amortization (D&A)
18 21 22 22 25 22 17 9.42 18 14
Debt-free, Cash-free Net Working Capital to Revenue
61.15% 90.64% 84.83% 58.08% 53.10% 58.29% 60.43% 63.03% 51.01% 31.00%
Debt-free Net Working Capital to Revenue
125.35% 137.75% 126.49% 107.06% 92.54% 147.43% 203.44% 298.99% 381.38% 475.13%
Net Working Capital to Revenue
115.93% 128.44% 126.05% 106.72% 92.24% 147.13% 203.38% 298.32% 380.65% 474.98%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($1.61) ($0.25) ($0.36) ($0.46) ($1.08) ($0.47) ($0.40) $0.00 $0.00 ($0.30)
Adjusted Weighted Average Basic Shares Outstanding
785.02M 858.44M 736.85M 641.26M 595.47M 599.47M 598.05M 589.21M 579.72M 578.04M
Adjusted Diluted Earnings per Share
($1.61) ($0.25) ($0.36) ($0.46) ($1.08) ($0.47) ($0.40) $0.00 $0.00 ($0.30)
Adjusted Weighted Average Diluted Shares Outstanding
785.02M 858.44M 736.85M 641.26M 595.47M 599.47M 598.05M 589.21M 579.72M 578.04M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
925.18M 911.20M 879.64M 742.56M 684.26M 605.50M 601.97M 589.21M 593.39M 582.90M
Normalized Net Operating Profit after Tax (NOPAT)
-258 -148 -165 -184 -80 -190 -146 -140 -164 -112
Normalized NOPAT Margin
-134.99% -85.15% -114.92% -152.68% -36.22% -95.49% -56.11% -66.56% -74.12% -59.28%
Pre Tax Income Margin
-698.91% -121.49% -183.26% -245.80% -289.36% -145.04% -91.21% -98.83% -101.55% -89.72%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-70.08 -21.93 -26.68 -10.50 -54.09 -22.79 -21.21 -20.15 0.00 -18.31
NOPAT to Interest Expense
-48.21 -16.54 -18.01 -7.16 -38.15 -16.25 -14.53 -13.79 0.00 -12.40
EBIT Less CapEx to Interest Expense
-72.18 -31.74 -37.85 -14.39 -70.19 -37.32 -35.30 -37.04 0.00 -36.85
NOPAT Less CapEx to Interest Expense
-50.31 -26.35 -29.18 -11.05 -54.25 -30.78 -28.62 -30.69 0.00 -30.94
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Plug Power's Financials

When does Plug Power's financial year end?

According to the most recent income statement we have on file, Plug Power's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Plug Power's net income changed over the last 10 years?

Plug Power's net income appears to be on an upward trend, with a most recent value of -$2.10 billion in 2024, rising from -$88.49 million in 2014. The previous period was -$1.37 billion in 2023. Check out Plug Power's forecast to explore projected trends and price targets.

What is Plug Power's operating income?
Plug Power's total operating income in 2024 was -$2.02 billion, based on the following breakdown:
  • Total Gross Profit: -$624.89 million
  • Total Operating Expenses: $1.39 billion
How has Plug Power revenue changed over the last 10 years?

Over the last 10 years, Plug Power's total revenue changed from $64.23 million in 2014 to $628.81 million in 2024, a change of 879.0%.

How much debt does Plug Power have?

Plug Power's total liabilities were at $1.80 billion at the end of 2024, a 10.5% decrease from 2023, and a 3,914.5% increase since 2014.

How much cash does Plug Power have?

In the past 10 years, Plug Power's cash and equivalents has ranged from $24.83 million in 2017 to $2.48 billion in 2021, and is currently $205.69 million as of their latest financial filing in 2024.

How has Plug Power's book value per share changed over the last 10 years?

Over the last 10 years, Plug Power's book value per share changed from 0.91 in 2014 to 1.90 in 2024, a change of 108.1%.



This page (NASDAQ:PLUG) was last updated on 5/28/2025 by MarketBeat.com Staff
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