TTM
-$190M
YoY change
-61.3%
5Y CAGR
—
Peak year (FY2019)
$10.3M
Cumulative gross profit
-$2.33B
Gross Profit history chart for Plug Power (PLUG) from 2016 to 2025
Latest: -$242M
Gross Profit growth chart for Plug Power (PLUG) from 2016 to 2025
Latest: -61.3%
Gross Profit history table for Plug Power (PLUG) from 1998 to 2025
| FY2025 | -$242M | -61.3% | +$383M | ||
| FY2024 | -$625M | +23.1% | -$117M | ||
| FY2023 | -$508M | +161.3% | -$313M | ||
| FY2022 | -$194M | +13.5% | -$23M | ||
| FY2021 | -$171M | -63.5% | +$298M | ||
| FY2020 | -$469M | -4677.9% | -$480M | ||
| FY2019 | $10.3M | +291.1% | +$7.63M | ||
| FY2018 | $2.62M | +66.2% | +$1.04M | ||
| FY2017 | $1.58M | -60.0% | -$2.37M | ||
| FY2016 | $3.95M | -139.9% | +$13.8M | ||
| FY2015 | -$9.89M | +103.4% | -$5.03M | ||
| FY2014 | -$4.86M | -56.8% | +$6.39M | ||
| FY2013 | -$11.2M | -21.6% | +$3.11M | ||
| FY2012 | -$14.4M | +54.8% | -$5.08M | ||
| FY2011 | -$9.28M | -7.3% | +$734K | ||
| FY2010 | -$10M | +35.5% | -$2.62M | ||
| FY2009 | -$7.39M | -50.9% | +$7.66M | ||
| FY2008 | -$15M | +23.6% | -$2.87M | ||
| FY2007 | -$12.2M | +162.7% | -$7.54M | ||
| FY2006 | -$4.63M | +72.5% | -$1.95M | ||
| FY2005 | -$2.69M | -0.5% | +$13.7K | ||
| FY2004 | -$2.7M | +62.9% | -$1.04M | ||
| FY2003 | -$1.66M | -447.2% | -$2.14M | ||
| FY2002 | $478K | -108.6% | +$6.03M | ||
| FY2001 | -$5.55M | -579.2% | -$6.71M | ||
| FY2000 | $1.16M | -138.0% | +$4.2M | ||
| FY1999 | -$3.05M | +69.2% | -$1.25M | ||
| FY1998 | -$1.8M | — | — |
- FY2025-$242M-61.3%
- FY2024-$625M+23.1%
- FY2023-$508M+161.3%
- FY2022-$194M+13.5%
- FY2021-$171M-63.5%
- FY2020-$469M-4677.9%
- FY2019$10.3M+291.1%
- FY2018$2.62M+66.2%
- FY2017$1.58M-60.0%
- FY2016$3.95M-139.9%
- FY2015-$9.89M+103.4%
- FY2014-$4.86M-56.8%
- FY2013-$11.2M-21.6%
- FY2012-$14.4M+54.8%
- FY2011-$9.28M-7.3%
- FY2010-$10M+35.5%
- FY2009-$7.39M-50.9%
- FY2008-$15M+23.6%
- FY2007-$12.2M+162.7%
- FY2006-$4.63M+72.5%
- FY2005-$2.69M-0.5%
- FY2004-$2.7M+62.9%
- FY2003-$1.66M-447.2%
- FY2002$478K-108.6%
- FY2001-$5.55M-579.2%
- FY2000$1.16M-138.0%
- FY1999-$3.05M+69.2%
- FY1998-$1.8M—
Gross Profit 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 Gross Profit at Plug Power (PLUG)
According to Plug Power's latest reported financial statements, the company's current gross profit (TTM) is -$190M. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Plug Power (PLUG) reported gross profit of -$242M – plunged 61.3% year-over-year.
Plug Power gross profit plunged from $10.3M in 2019 to -$242M in 2025, a 2460.4% drawdown.
$10.3M stands as the all-time-high annual gross profit, posted in 2019, against a low of -$625M during 2024.
Plug Power Gross Profit by Year
Plug Power Gross Profit 2025: -$242M
In 2025, Plug Power reported gross profit of -$242M, plunged 61.3% below 2024.
Plug Power Gross Profit 2024: -$625M
Plug Power gross profit in 2024 was -$625M, grew 23.1% from 2023. This figure represents the lowest annual value in the available history.
Plug Power Gross Profit 2023: -$508M
2023's gross profit for Plug Power came in at -$508M, surged 161.3% from 2022.
Plug Power Gross Profit 2022: -$194M
Plug Power posted gross profit of -$194M in 2022, grew 13.5% from 2021.
Plug Power Gross Profit 2021: -$171M
Plug Power gross profit in 2021 was -$171M.
See more financial history for Plug Power (PLUG).
Sector peers by Gross Profit
Industrials peers of Plug Power (PLUG), ranked by their latest gross profit
| $21.9B | |
| $17.8B | |
| $16.9B | |
| $16.3B | |
| $14.6B | |
| $10.3B | |
| $9.22B | |
| $4.29B |
- $21.9B
- $17.8B
- $16.9B
- $16.3B
- $14.6B
- $10.3B
- $9.22B
- $4.29B
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