EBITDA for Plug Power (PLUG)
According to Plug Power's latest reported financial statements, the company's current EBITDA (TTM) is -$807.63M USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PLUG
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
-$807.63M
YoY change
-67.9%
5Y CAGR
N/A
Peak year (1998)
-$9.16M
Cumulative EBITDA
-$6.56B
EBITDA history chart for Plug Power (PLUG) from 1998 to 2025
EBITDA history table for Plug Power (PLUG) from 1998 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | -$635.01M | -67.9% | ||
| 2024 | -$1.98B | +56.9% | ||
| 2023 | -$1.26B | +99.2% | ||
| 2022 | -$632.53M | +54.4% | ||
| 2021 | -$409.57M | -25.7% | ||
| 2020 | -$550.92M | +1475.1% | ||
| 2019 | -$34.98M | -41.3% | ||
| 2018 | -$59.63M | -44.4% | ||
| 2017 | -$107.20M | +155.6% | ||
| 2016 | -$41.94M | -19.9% | ||
| 2015 | -$52.35M | -37.7% | ||
| 2014 | -$84.09M | +43.7% | ||
| 2013 | -$58.50M | +114.9% | ||
| 2012 | -$27.22M | +18.5% | ||
| 2011 | -$22.98M | -41.4% | ||
| 2010 | -$39.24M | +16.0% | ||
| 2009 | -$33.81M | -54.3% | ||
| 2008 | -$73.97M | +35.6% | ||
| 2007 | -$54.53M | +16.2% | ||
| 2006 | -$46.92M | +12.3% | ||
| 2005 | -$41.77M | +10.1% | ||
| 2004 | -$37.92M | -10.7% | ||
| 2003 | -$42.44M | +10.1% | ||
| 2002 | -$38.53M | -41.6% | ||
| 2001 | -$65.99M | -23.2% | ||
| 2000 | -$85.90M | +155.8% | ||
| 1999 | -$33.58M | +266.6% | ||
| 1998 | -$9.16M | — |
EBITDA values are taken from Plug Power's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Plug Power (PLUG) most recent annual EBITDA stands at -$635.01M (2025) – plunged 67.9% year-over-year.
1998 marks the peak EBITDA at -$9.16M, with the historical low of -$1.98B recorded in 2024.
Plug Power (PLUG) sits 9th of 8 Industrials peers we track on this metric, against a peer median of $11.86B.
Plug Power EBITDA by Year
Plug Power EBITDA 2025: -$635.01M
Plug Power EBITDA in 2025 was -$635.01M, plunged 67.9% below 2024.
Plug Power EBITDA 2024: -$1.98B
Plug Power EBITDA in 2024 was -$1.98B, surged 56.9% from 2023. This figure represents the lowest annual value in the available history.
Plug Power EBITDA 2023: -$1.26B
Plug Power EBITDA in 2023 was -$1.26B, surged 99.2% from 2022.
Plug Power EBITDA 2022: -$632.53M
Plug Power EBITDA in 2022 was -$632.53M, surged 54.4% from 2021.
Plug Power EBITDA 2021: -$409.57M
Plug Power EBITDA in 2021 was -$409.57M.
See more financial history for Plug Power (PLUG).
Sector peers — EBITDA
Companies in the same sector as Plug Power, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $14.86B | Industrials |
| Union Pacific Corporation (UNP) | $12.95B | Industrials |
| RTX Corporation (RTX) | $12.89B | Industrials |
| GE Aerospace (GE) | $12.06B | Industrials |
| Deere & Company (DE) | $11.66B | Industrials |
| Honeywell International Inc. (HON) | $8.21B | Industrials |
| The Boeing Company (BA) | $7.36B | Industrials |
| Eaton Corporation plc (ETN) | $5.95B | Industrials |
Frequently asked questions
What is Plug Power's EBITDA?
- Latest reported EBITDA for Plug Power (PLUG) is -$807.63M (period ending December 31, 2025).
How has Plug Power EBITDA changed year-over-year?
- Plug Power (PLUG) EBITDA changed -67.9% year-over-year on the latest annual filing.
When did Plug Power EBITDA hit its highest annual value?
- Plug Power EBITDA reached its highest annual value of -$9.16M in 1998.
What was Plug Power EBITDA in 2024?
- Plug Power (PLUG) EBITDA in 2024 was -$1.98B.
What was Plug Power EBITDA in 2025?
- Plug Power (PLUG) EBITDA in 2025 was -$635.01M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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PLUG Overview
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