Net Income for Plug Power (PLUG)
According to Plug Power's latest reported financial statements, the company's current net income (TTM) is -$1.63B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PLUG
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
-$1.63B
YoY change
-22.5%
5Y CAGR
N/A
Peak year (1998)
-$9.60M
Cumulative net income
-$8.22B
Net Income history chart for Plug Power (PLUG) from 1998 to 2025
Net Income history table for Plug Power (PLUG) from 1998 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | -$1.63B | -22.5% | ||
| 2024 | -$2.10B | +53.8% | ||
| 2023 | -$1.37B | +89.1% | ||
| 2022 | -$724.01M | +57.4% | ||
| 2021 | -$459.96M | -22.8% | ||
| 2020 | -$596.15M | +611.9% | ||
| 2019 | -$83.74M | +7.2% | ||
| 2018 | -$78.11M | -38.5% | ||
| 2017 | -$127.08M | +121.1% | ||
| 2016 | -$57.49M | +3.2% | ||
| 2015 | -$55.69M | -37.1% | ||
| 2014 | -$88.49M | +41.2% | ||
| 2013 | -$62.67M | +96.7% | ||
| 2012 | -$31.86M | +16.1% | ||
| 2011 | -$27.45M | -41.5% | ||
| 2010 | -$46.96M | +15.4% | ||
| 2009 | -$40.71M | -66.6% | ||
| 2008 | -$121.70M | +100.9% | ||
| 2007 | -$60.57M | +20.4% | ||
| 2006 | -$50.31M | -2.8% | ||
| 2005 | -$51.74M | +10.7% | ||
| 2004 | -$46.74M | -11.9% | ||
| 2003 | -$53.04M | +12.3% | ||
| 2002 | -$47.22M | -35.4% | ||
| 2001 | -$73.11M | -15.2% | ||
| 2000 | -$86.24M | +157.7% | ||
| 1999 | -$33.47M | +248.6% | ||
| 1998 | -$9.60M | — |
Net Income 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 net income stands at -$1.63B (2025) – declined 22.5% year-over-year.
-$9.60M stands as the all-time-high annual net income, posted in 1998, against a low of -$2.10B during 2024.
Within Industrials, Plug Power (PLUG) ranks 9th among 8 peers we track. The peer median for net income is $5.88B.
Plug Power Net Income by Year
Plug Power Net Income 2025: -$1.63B
Plug Power net income in 2025 was -$1.63B, declined 22.5% below 2024.
Plug Power Net Income 2024: -$2.10B
Plug Power net income in 2024 was -$2.10B, surged 53.8% from 2023. This figure represents the lowest annual value in the available history.
Plug Power Net Income 2023: -$1.37B
Plug Power net income in 2023 was -$1.37B, surged 89.1% from 2022.
Plug Power Net Income 2022: -$724.01M
Plug Power net income in 2022 was -$724.01M, surged 57.4% from 2021.
Plug Power Net Income 2021: -$459.96M
Plug Power net income in 2021 was -$459.96M.
See more financial history for Plug Power (PLUG).
Sector peers — Net Income
Companies in the same sector as Plug Power, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Plug Power's net income?
- Latest reported net income for Plug Power (PLUG) is -$1.63B (period ending December 31, 2025).
How has Plug Power net income changed year-over-year?
- Plug Power (PLUG) net income changed -22.5% year-over-year on the latest annual filing.
When did Plug Power net income hit its highest annual value?
- Plug Power net income reached its highest annual value of -$9.60M in 1998.
What was Plug Power net income in 2024?
- Plug Power (PLUG) net income in 2024 was -$2.10B.
What was Plug Power net income in 2025?
- Plug Power (PLUG) net income in 2025 was -$1.63B.
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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