Free Cash Flow for Plug Power (PLUG)
Free Cash Flow for Plug Power (PLUG): headline value -$654.07M · YoY -37.8%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
PLUG
Currently viewingFree Cash FlowSwitch metric
Latest period
-$654.07M
YoY change
-37.8%
5Y CAGR
N/A
Peak year (1998)
-$9.90M
Latest annual
-$661.48M
Free Cash Flow history chart for Plug Power (PLUG) from 1998 to 2025
Free Cash Flow history table for Plug Power (PLUG) from 1998 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | -$661.48M | -37.8% | ||
| 2024 | -$1.06B | -41.0% | ||
| 2023 | -$1.80B | +66.2% | ||
| 2022 | -$1.08B | +96.7% | ||
| 2021 | -$551.44M | +168.1% | ||
| 2020 | -$205.70M | +213.9% | ||
| 2019 | -$65.54M | -15.1% | ||
| 2018 | -$77.19M | -26.2% | ||
| 2017 | -$104.55M | +19.2% | ||
| 2016 | -$87.71M | +72.7% | ||
| 2015 | -$50.79M | +20.4% | ||
| 2014 | -$42.19M | +56.3% | ||
| 2013 | -$26.99M | +33.3% | ||
| 2012 | -$20.24M | -41.6% | ||
| 2011 | -$34.64M | -17.3% | ||
| 2010 | -$41.87M | +8.0% | ||
| 2009 | -$38.76M | -33.2% | ||
| 2008 | -$58.02M | +11.0% | ||
| 2007 | -$52.26M | +10.3% | ||
| 2006 | -$47.38M | +15.9% | ||
| 2005 | -$40.87M | +15.1% | ||
| 2004 | -$35.51M | -8.1% | ||
| 2003 | -$38.64M | +1.3% | ||
| 2002 | -$38.16M | -34.2% | ||
| 2001 | -$57.97M | -25.2% | ||
| 2000 | -$77.49M | +124.4% | ||
| 1999 | -$34.53M | +248.8% | ||
| 1998 | -$9.90M | — |
Free Cash Flow values are taken from Plug Power's reported cash flow 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
As of the 2025 fiscal year, Plug Power (PLUG) reported free cash flow of -$661.48M – plunged 37.8% year-over-year.
-$9.90M stands as the all-time-high annual free cash flow, posted in 1998, against a low of -$1.80B during 2023.
Within Industrials, Plug Power (PLUG) ranks 8th among 8 peers we track. The peer median for free cash flow is $5.45B.
Plug Power Free Cash Flow by Year
Plug Power Free Cash Flow 2025: -$661.48M
Plug Power free cash flow in 2025 was -$661.48M, plunged 37.8% below 2024.
Plug Power Free Cash Flow 2024: -$1.06B
Plug Power free cash flow in 2024 was -$1.06B, plunged 41.0% below 2023.
Plug Power Free Cash Flow 2023: -$1.80B
Plug Power free cash flow in 2023 was -$1.80B, surged 66.2% from 2022. This figure represents the lowest annual value in the available history.
Plug Power Free Cash Flow 2022: -$1.08B
Plug Power free cash flow in 2022 was -$1.08B, surged 96.7% from 2021.
Plug Power Free Cash Flow 2021: -$551.44M
Plug Power free cash flow in 2021 was -$551.44M.
See more financial history for Plug Power (PLUG).
Sector peers — Free Cash Flow
Companies in the same sector as Plug Power, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is Plug Power's free cash flow?
Latest reported free cash flow for Plug Power (PLUG) is -$654.07M (period ending December 31, 2025).
How has Plug Power free cash flow changed year-over-year?
Plug Power (PLUG) free cash flow changed -37.8% year-over-year on the latest annual filing.
When did Plug Power free cash flow hit its highest annual value?
Plug Power free cash flow reached its highest annual value of -$9.90M in 1998.
What was Plug Power free cash flow in 2024?
Plug Power (PLUG) free cash flow in 2024 was -$1.06B.
What was Plug Power free cash flow in 2025?
Plug Power (PLUG) free cash flow in 2025 was -$661.48M.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
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