Revenue for Plug Power (PLUG)
According to Plug Power's latest reported financial statements, the company's current revenue (TTM) is $709.92M USD. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PLUG
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TTM (last 4 quarters)
$709.92M
YoY change
+12.9%
5Y CAGR
N/A
Peak year (2023)
$891.34M
Cumulative revenue
$4.37B
Revenue history chart for Plug Power (PLUG) from 1998 to 2025
Revenue history table for Plug Power (PLUG) from 1998 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $709.92M | +12.9% | ||
| 2024 | $628.81M | -29.5% | ||
| 2023 | $891.34M | +27.1% | ||
| 2022 | $701.44M | +39.6% | ||
| 2021 | $502.34M | -638.8% | ||
| 2020 | -$93.24M | -140.5% | ||
| 2019 | $229.97M | +31.7% | ||
| 2018 | $174.63M | +31.4% | ||
| 2017 | $132.93M | +54.7% | ||
| 2016 | $85.93M | -16.8% | ||
| 2015 | $103.29M | +60.8% | ||
| 2014 | $64.23M | +141.5% | ||
| 2013 | $26.60M | +1.9% | ||
| 2012 | $26.11M | -5.5% | ||
| 2011 | $27.63M | +41.9% | ||
| 2010 | $19.47M | +58.4% | ||
| 2009 | $12.29M | -31.3% | ||
| 2008 | $17.90M | +10.0% | ||
| 2007 | $16.27M | +107.6% | ||
| 2006 | $7.84M | -41.9% | ||
| 2005 | $13.49M | -16.4% | ||
| 2004 | $16.14M | +29.1% | ||
| 2003 | $12.50M | +5.8% | ||
| 2002 | $11.82M | +105.8% | ||
| 2001 | $5.74M | -31.5% | ||
| 2000 | $8.38M | -23.8% | ||
| 1999 | $11.00M | +69.2% | ||
| 1998 | $6.50M | — |
Revenue 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
As of the 2025 fiscal year, Plug Power (PLUG) reported revenue of $709.92M – grew 12.9% year-over-year.
Through 2015–2025 (10 years), Plug Power revenue delivered a +21.3% annualised rate; with the latest reading among the more recent periods of the dataset.
Between 2023 and 2025, Plug Power revenue declined 20.4%, falling from $891.34M to $709.92M.
2023 marks the peak revenue at $891.34M, with the historical low of -$93.24M recorded in 2020.
Plug Power (PLUG) sits 9th of 8 Industrials peers we track on this metric, against a peer median of $45.26B.
Plug Power Revenue by Year
Plug Power Revenue 2025: $709.92M
Plug Power revenue in 2025 was $709.92M, grew 12.9% from 2024.
Plug Power Revenue 2024: $628.81M
Plug Power revenue in 2024 was $628.81M, declined 29.5% below 2023.
Plug Power Revenue 2023: $891.34M
Plug Power revenue in 2023 was $891.34M, grew 27.1% from 2022. This figure represents the highest annual value in the available history.
Plug Power Revenue 2022: $701.44M
Plug Power revenue in 2022 was $701.44M, surged 39.6% from 2021.
Plug Power Revenue 2021: $502.34M
Plug Power revenue in 2021 was $502.34M.
See more financial history for Plug Power (PLUG).
Sector peers — Revenue
Companies in the same sector as Plug Power, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| The Boeing Company (BA) | $89.46B | Industrials |
| RTX Corporation (RTX) | $88.60B | Industrials |
| Caterpillar Inc. (CAT) | $67.59B | Industrials |
| GE Aerospace (GE) | $45.85B | Industrials |
| Deere & Company (DE) | $44.66B | Industrials |
| Honeywell International Inc. (HON) | $37.44B | Industrials |
| Eaton Corporation plc (ETN) | $27.45B | Industrials |
| Union Pacific Corporation (UNP) | $24.51B | Industrials |
Frequently asked questions
What is Plug Power's revenue?
- Latest reported revenue for Plug Power (PLUG) is $709.92M (period ending December 31, 2025).
How has Plug Power revenue changed year-over-year?
- Plug Power (PLUG) revenue changed +12.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Plug Power revenue?
- Plug Power (PLUG) revenue compound annual growth rate is +21.3% over the most recent 10 years available.
When did Plug Power revenue hit its highest annual value?
- Plug Power revenue reached its highest annual value of $891.34M in 2023.
What was Plug Power revenue in 2024?
- Plug Power (PLUG) revenue in 2024 was $628.81M.
What was Plug Power revenue in 2025?
- Plug Power (PLUG) revenue in 2025 was $709.92M.
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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