The The Net Income of Plug Power (PLUG) as of Mar 6, 2026 is -430.57 M USD. In the previous year, The Net Income was -1.07 B USD — a change of -59.83% (higher).
Plug Power Net Income
Net Income
-430.57 MUSD
YoY
-59.83%
Last updated: Mar 6, 2026
In 2026, Plug Power's profit amounted to -430.57 M USD, a -59.83% increase from the -1.07 B USD profit recorded in the previous year.
The Plug Power Net Income history
3 Years
10 Years
25 Years
Max
NET INCOME (M USD)
Date
NET INCOME (M USD)
Jan 1, 2005
-51.74 base
Jan 1, 2006
-50.31 base
Jan 1, 2007
-60.57 base
Jan 1, 2008
-121.7 base
Jan 1, 2009
-40.71 base
Jan 1, 2010
-46.96 base
Jan 1, 2011
-27.45 base
Jan 1, 2012
-31.86 base
Jan 1, 2013
-62.79 base
Jan 1, 2014
-88.64 base
Jan 1, 2015
-55.8 base
Jan 1, 2016
-57.59 base
Jan 1, 2017
-130.18 base
Jan 1, 2018
-85.66 base
Jan 1, 2019
-85.56 base
| YEAR | NET INCOME (M USD) |
|---|---|
| 2031 est | 411.65 |
| 2030 est | 165.65 |
| 2029 est | 18.88 |
| 2028 est | -198.73 |
| 2027 est | -298.59 |
| 2026 est | -430.57 |
| 2025 est | -1,071.96 |
| 2024 | -2,104.7 |
| 2023 | -1,368.83 |
| 2022 | -724.01 |
| 2021 | -459.97 |
| 2020 | -596.18 |
| 2019 | -85.56 |
| 2018 | -85.66 |
| 2017 | -130.18 |
| 2016 | -57.59 |
| 2015 | -55.8 |
| 2014 | -88.64 |
| 2013 | -62.79 |
| 2012 | -31.86 |
| 2011 | -27.45 |
| 2010 | -46.96 |
| 2009 | -40.71 |
| 2008 | -121.7 |
| 2007 | -60.57 |
| 2006 | -50.31 |
| 2005 | -51.74 |
Unlock the full history with 30+ years of data and forecast estimates.
Unlock all data — PROPlug Power Revenue
Plug Power Revenue, EBIT, Net Income
3 Years
5 Years
10 Years
25 Years
Max
Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
13.49 M USD
-47.98 M USD
-51.74 M USD
Jan 1, 2006
7.84 M USD
-58.48 M USD
-50.31 M USD
Jan 1, 2007
16.27 M USD
-72.33 M USD
-60.57 M USD
Jan 1, 2008
17.9 M USD
-80.59 M USD
-121.7 M USD
Jan 1, 2009
12.29 M USD
-40.73 M USD
-40.71 M USD
Jan 1, 2010
19.47 M USD
-42.65 M USD
-46.96 M USD
Jan 1, 2011
27.63 M USD
-31.35 M USD
-27.45 M USD
Jan 1, 2012
26.11 M USD
-36.39 M USD
-31.86 M USD
Jan 1, 2013
26.6 M USD
-28.97 M USD
-62.79 M USD
Jan 1, 2014
64.23 M USD
-35.53 M USD
-88.64 M USD
Jan 1, 2015
103.29 M USD
-59 M USD
-55.8 M USD
Jan 1, 2016
85.93 M USD
-51.52 M USD
-57.59 M USD
Jan 1, 2017
100.15 M USD
-101.79 M USD
-130.18 M USD
Jan 1, 2018
174.22 M USD
-76.44 M USD
-85.66 M USD
Jan 1, 2019
229.98 M USD
-47.61 M USD
-85.56 M USD
Plug Power Margins
Plug Power stock margins
The Plug Power margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Plug Power. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Plug Power.
3 Years
5 Years
10 Years
25 Years
Max
Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
-19.92 %
-355.74 %
-383.65 %
Jan 1, 2006
-59.16 %
-746.39 %
-642.13 %
Jan 1, 2007
-74.81 %
-444.53 %
-372.26 %
Jan 1, 2008
-84.05 %
-450.2 %
-679.86 %
Jan 1, 2009
-60.09 %
-331.35 %
-331.16 %
Jan 1, 2010
-51.4 %
-219.02 %
-241.15 %
Jan 1, 2011
-33.58 %
-113.47 %
-99.38 %
Jan 1, 2012
-54.98 %
-139.37 %
-122.04 %
Jan 1, 2013
-42.28 %
-108.89 %
-236.05 %
Jan 1, 2014
-7.57 %
-55.32 %
-138.01 %
Jan 1, 2015
-9.58 %
-57.12 %
-54.02 %
Jan 1, 2016
4.59 %
-59.96 %
-67.02 %
Jan 1, 2017
-28.05 %
-101.64 %
-129.98 %
Jan 1, 2018
-14.93 %
-43.88 %
-49.17 %
Jan 1, 2019
4.63 %
-20.7 %
-37.2 %
Plug Power Stock analysis
What does Plug Power do? Plug Power Inc. is an American company that specializes in the development and production of fuel cells. The company was founded in 1997 in Latham, New York, and has since relocated its headquarters to the same location.
Plug Power's history began in 1999 with the introduction of the first portable fuel cell system. In 2002, the company then introduced the first fuel cell system for forklifts. This system quickly gained popularity among companies seeking an environmentally friendly and efficient solution for their forklift fleet. Since then, the company has continuously expanded its product range and now also offers fuel cell systems for other applications such as trucks, drones, and stationary power generation.
Plug Power's business model is based on the idea of offering a green, sustainable alternative to conventional energy sources. Fuel cell systems produce electricity through a chemical reaction between hydrogen and oxygen, with electrical energy and pure water as byproducts. Compared to fossil fuels such as coal or petroleum, fuel cell technology is much more energy efficient, as it practically has no losses due to friction or heat development.
One of Plug Power's most important divisions is the manufacturing of fuel cell systems for forklifts. The company has achieved a leading market position in this area and is able to serve a wide variety of forklift models with different performance requirements. The advantages of Plug Power's fuel cell systems for forklifts are clear: forklifts powered by fuel cells have longer operating times, require less maintenance, can be refueled quickly and safely, and do not produce harmful emissions.
Another important division of Plug Power is the development of fuel cell systems for trucks. Large trucks are responsible for a large portion of emissions in the transportation sector, and Plug Power sees great potential for its fuel cell technology in this area. The company has already formed partnerships with major truck manufacturers such as Volvo and Renault Trucks and is working on developing fuel cell systems for all types of commercial vehicles.
In addition to forklifts and trucks, Plug Power also offers fuel cell systems for drones and stationary applications. In both cases, the focus is on offering an efficient and environmentally friendly alternative to conventional power sources. Fuel cells for drones enable longer flight times and greater payloads, while fuel cells for stationary applications provide reliable power supply for buildings and infrastructure.
Plug Power's flagship product is the GenDrive fuel cell system for forklifts. This system consists of a fuel cell, a hydrogen tank, and a control unit, replacing the conventional battery drive of forklifts. GenDrive customers can benefit from higher efficiency, lower operating costs, and improved environmental performance.
Overall, Plug Power has developed a wide range of products and is a leader in the application of fuel cells in the industry. The future of the company looks promising as the demand for environmentally friendly technologies in the industry and transportation sector continues to rise. Plug Power is one of the most popular companies on Eulerpool.com.
Net Income Details
Understanding Plug Power's Profit Margins
The profit margins of Plug Power represent the net income earned after deducting all operational expenses, costs, and taxes from the revenue. This figure is a clear indicator of Plug Power's financial health, operational efficiency, and profitability. Higher profit margins signify better cost management and income generation capabilities.
Year-to-Year Comparison
Evaluating Plug Power's profit on a yearly basis can offer significant insights into its financial growth, stability, and trends. A consistent increase in profit suggests improved operational efficiency, cost management, or increased revenue, while a decrease may indicate rising costs, declining sales, or operational challenges.
Impact on Investments
Plug Power's profit figures are critical for investors who are aiming to understand the company's financial standing and future growth prospects. Increased profits often lead to higher stock valuations, boosting investor confidence and attracting more investments.
Interpreting Profit Fluctuations
When Plug Power’s profit increases, it often indicates enhanced operational efficiency or increased sales. In contrast, a decline in profit can signal operational inefficiencies, increased costs, or competitive pressures, necessitating strategic interventions to boost profitability.
Frequently Asked Questions about Plug Power stock
The Net Income of Plug Power amounted to -1.07 B USD -430.57 M
The profit in evaluating a stock
History, usage, calculation, and application of earnings in securities trading.
The history of earnings dates back to the beginnings of modern business organization. Since the beginning of industrialization, companies have been established to generate profits, and profits have been considered an essential part of corporate management. In recent years, the importance of earnings for investors has continued to rise, as many investors seek to find stocks that generate solid earnings.
Use of Profits
In securities trading, profits are used to determine the value of a stock. A company that generates profits is considered financially healthy and its stocks are valued higher, while a company that does not generate profits is considered less reliable and therefore receives a lower valuation. Investors can review the profits of each company by examining the relevant documents such as the income statement, the annual financial statements, and the income tax audits.
Calculation of profits
There are several different ways to calculate profits. The simplest way to calculate profits is by calculating net earnings. Net earnings are calculated by subtracting the company's expenses from its revenue. Another way to calculate profits is by calculating operating income. Operating income is calculated by subtracting the company's materials costs and employee wages and salaries from its revenue.
Use of profits
There are many different ways in which investors can use profits when evaluating stocks. One example is calculating the price-to-earnings ratio (P/E ratio). The P/E ratio is the relationship between the price of a stock and the company's earnings. When calculating the P/E ratio, the stock price is divided by the company's earnings. A low P/E value indicates that the stock has a good price-performance ratio, and a high P/E value indicates that the stock has a poor price-performance ratio.
Advantages and disadvantages of using profits
There are many advantages to using earnings in securities trading. Firstly, investors can check the financial health of a company by analyzing earnings. Secondly, investors can make a better decision about the valuation of a stock by calculating the P/E ratio. Thirdly, investors can reduce their risk by choosing stocks with a low P/E ratio.
However, there are also some drawbacks to relying on profits. Firstly, profits can be distorted if a company increases its profits through cost-cutting measures. Secondly, profits can present an inaccurate picture of a company's financial health if they are not calculated correctly. Thirdly, profits may not always be a reliable indicator of a company's future, as they can easily fluctuate.
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Overall, it can be said that profits in securities trading are an important indicator of a company's financial health. Investors can analyze profits to get a better understanding of the company's financial health and make informed decisions about stock valuation. However, there are some disadvantages to using profits as they can sometimes be distorted or inaccurate. Therefore, it is important for investors to be cautious and carefully analyze profits before making a decision to buy or sell stocks.
Income Statement — Plug Power
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All Key Metrics — Plug Power
Valuation
Income Statement
Margins
Balance Sheet
- Total Assets
- Current Assets
- Cash & Equivalents
- Receivables
- Inventory
- Property, Plant & Equipment
- Goodwill
- Intangible Assets
- Equity
- Liabilities
- Debt
- Current Liabilities
- Long-term Debt
- Short-term Debt
- Retained Earnings
- Book Value per Share
- Tangible Book Value per Share
- Working Capital
- Investments
- Accounts Payable
- Non-Current Assets
- Short-Term Investments
- Long-Term Investments
- Net Debt
- Treasury Stock
- Minority Interest
- Deferred Tax Liabilities
- Net Tangible Assets
- Goodwill/Assets
- Intangibles/Assets
Cash Flow
- Operating Cash Flow
- Capital Expenditures
- Free Cash Flow
- FCF per Share
- Dividends Paid
- Share Buybacks
- Investing Cash Flow
- Financing Cash Flow
- CapEx / Revenue
- Cash Flow per Share
- Stock-Based Compensation
- Change in Working Capital
- Acquisitions (Net)
- Net Change in Cash
- CapEx/OCF
- FCF/Net Income
- FCF Conversion
- Cash Conversion
- Total Shareholder Payout
- CapEx/D&A
Profitability
- ROE
- ROA
- ROCE
- ROIC
- Asset Turnover
- Inventory Turnover
- Receivables Turnover
- Days Sales Outstanding
- Days Inventory Outstanding
- Days Payable Outstanding
- Cash Conversion Cycle
- CROIC
- Gross Profit/Assets
- Fixed Asset Turnover
- Equity Turnover
- Working Capital Turnover
- Payables Turnover
- Capital Intensity
- Receivables/Revenue
- Inventory/Revenue
- EBIT/Assets
Leverage
Growth
- Revenue Growth
- Revenue CAGR 3Y
- Revenue CAGR 5Y
- Revenue CAGR 10Y
- Earnings Growth
- EPS Growth
- EBIT Growth
- EBIT CAGR 3Y
- EBIT CAGR 5Y
- EBIT CAGR 10Y
- Dividend Growth
- FCF Growth
- Book Value Growth
- Earnings CAGR 3Y
- Earnings CAGR 5Y
- Earnings CAGR 10Y
- EPS CAGR 3Y
- EPS CAGR 5Y
- EBITDA Growth YoY
- EBITDA CAGR 3Y
- EBITDA CAGR 5Y
- Gross Profit Growth
- OCF Growth YoY
- Employee Growth
- Dividend CAGR 3Y
- Dividend CAGR 5Y
- Dividend CAGR 10Y
- Asset Growth
- Equity Growth
- Debt Growth
- CapEx Growth
- FCF CAGR 3Y
- FCF CAGR 5Y
- Market Cap Growth
- Share Count Growth