Plug Power Inc. (PLUG) Earnings History
Annual and quarterly earnings data from 1998 to 2025
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PLUG EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PLUG Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 99.8% | 38.1% | -229.8% |
| 2024 | -99.4% | -321.2% | -334.7% |
| 2023 | -57.0% | -150.7% | -153.6% |
| 2022 | -27.7% | -96.9% | -103.2% |
| 2021 | -34.1% | -87.1% | -91.6% |
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Plug Power Inc. (PLUG) Earnings Overview
As of May 6, 2026, Plug Power Inc. (PLUG) reported trailing twelve-month net income of -$1.63B, reflecting +100.0% year-over-year growth. The company earned $0.00 per diluted share over the past four quarters, with a net profit margin of -229.8%.
Looking at the long-term picture, PLUG's historical earnings data spans multiple years. The company achieved its highest annual net income of -$10M in fiscal 1998.
Plug Power Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including BE ($6M net income, -4.4% margin), FCEL (-$183M net income, -118.8% margin), BLDP (-$91M net income, -91.4% margin), PLUG has room to improve margins relative to the peer group. Compare PLUG vs BE →
PLUG Earnings vs Peers
Earnings metrics vs comparable public companies
PLUG Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$1.63B | +22.5% | $271M | $0.00 | -229.8% | 38.1% |
| 2024 | -$2.10B | -53.8% | -$2.02B | $-2.45 | -334.7% | -321.2% |
| 2023 | -$1.37B | -89.1% | -$1.34B | $-2.30 | -153.6% | -150.7% |
| 2022 | -$724M | -57.4% | -$680M | $-1.25 | -103.2% | -96.9% |
| 2021 | -$460M | +22.8% | -$437M | $-0.82 | -91.6% | -87.1% |
| 2020 | -$596M | -611.9% | -$584M | $-1.58 | - | - |
| 2019 | -$84M | -7.2% | -$48M | $-0.51 | -36.4% | -20.7% |
| 2018 | -$78M | +38.5% | -$69M | $-0.36 | -44.7% | -39.8% |
| 2017 | -$127M | -121.1% | -$102M | $-0.59 | -95.6% | -76.6% |
| 2016 | -$57M | -3.2% | -$52M | $-0.32 | -66.9% | -60.0% |
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Start ComparisonPLUG — Frequently Asked Questions
Quick answers to the most common questions about buying PLUG stock.
Is PLUG growing earnings?
PLUG EPS is $0.00, with earnings growth accelerating to +100.0%. This exceeds the 5-year CAGR of N/A. TTM net income reached $-1.6B.
What are PLUG's profit margins?
Plug Power Inc. net margin is -229.8%, with operating margin at +38.1%. Below-average margins reflect competitive or cost pressures.
How consistent are PLUG's earnings?
PLUG earnings data spans 1998-2025. The accelerating earnings trend is +100.0% YoY. Historical data enables comparison across business cycles.