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EBITDA Margin for Plug Power (PLUG)

As of · Reported

Metric

TTM

-77.6%

YoY change

+224.86pp

Trough year (2001)

-1149.4%

Peak year (2019)

-15.2%

EBITDA Margin history chart for Plug Power (PLUG) from 1998 to 2025

Latest: -89.4%

EBITDA Margin change chart for Plug Power (PLUG) from 1998 to 2025

Latest: +224.86pp

EBITDA Margin history table for Plug Power (PLUG) from 1998 to 2025

  • 2025-89.4%+224.86pp
  • 2024-314.3%-172.96pp
  • 2023-141.4%-51.17pp
  • 2022-90.2%-8.64pp
  • 2021-81.5%—
  • 2019-15.2%+18.94pp
  • 2018-34.1%+46.50pp
  • 2017-80.6%-31.84pp
  • 2016-48.8%+1.88pp
  • 2015-50.7%+80.23pp
  • 2014-130.9%+89.01pp
  • 2013-219.9%-115.65pp
  • 2012-104.3%-21.11pp
  • 2011-83.2%+118.34pp
  • 2010-201.5%+73.57pp
  • 2009-275.1%+138.12pp
  • 2008-413.2%-78.06pp
  • 2007-335.1%+263.64pp
  • 2006-598.8%-289.09pp
  • 2005-309.7%-74.78pp
  • 2004-234.9%+104.56pp
  • 2003-339.5%-13.42pp
  • 2002-326.1%+823.37pp
  • 2001-1149.4%-124.17pp
  • 2000-1025.3%-719.98pp
  • 1999-305.3%-164.36pp
  • 1998-140.9%—

EBITDA Margin values are taken from Plug Power's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Plug Power (PLUG)

According to Plug Power's latest reported financial statements, the company's latest reported EBITDA margin is -77.6%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Plug Power (PLUG) most recent annual EBITDA margin stands at -89.45% (2025) – expanded 224.9 percentage points year-over-year.

-15.21% stands as the all-time-high annual EBITDA margin, posted in 2019, against a low of -1149.42% during 2001.

Plug Power EBITDA Margin by Year

Plug Power EBITDA Margin 2025: -89.4%

Plug Power EBITDA margin in 2025 was -89.45%, expanded 224.9 percentage points from 2024.

Plug Power EBITDA Margin 2024: -314.3%

2024's EBITDA margin for Plug Power came in at -314.31%, contracted 173.0 percentage points from 2023.

Plug Power EBITDA Margin 2023: -141.4%

Plug Power posted EBITDA margin of -141.35% in 2023, contracted 51.2 percentage points from 2022.

Plug Power EBITDA Margin 2022: -90.2%

In 2022, Plug Power reported EBITDA margin of -90.18%, contracted 8.6 percentage points from 2021.

Plug Power EBITDA Margin 2021: -81.5%

Plug Power EBITDA margin in 2021 was -81.53%.

See more financial history for Plug Power (PLUG).

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Industrials peers of Plug Power (PLUG), ranked by their latest EBITDA margin

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