Plug Power Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Plug Power Inc.'s yearly results (2022–2025), compared with Industrials companies in United States. Tap ? on any ratio for what it means.
What stands out
- Cash Locked Ratio: For every $100 of sales, $74 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $82 tied up three years earlier. More money tied up than 98% of Industrials companies in United States.
- Tangible Net Worth Ratio: Of every $100 of net worth, $97 is tangible; the rest is goodwill and other intangibles, often from buying other companies. More tangible than 94% of Industrials companies in United States.
- Tangible Assets Ratio: Of every $100 the company owns, $99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. More tangible than 93% of Industrials companies in United States.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
-2.1×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 89% of Industrials companies in United States.
Cash Locked Ratio
$74For every $100 of sales, $74 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $82 tied up three years earlier.
More money tied up than 98% of Industrials companies in United States.
Growth quality
Steadiness Ratio
2/3 · 1/3Sales grew in 2 of the last 3 years; profit grew in 1 of 3.
Less steady than 60% of Industrials companies in United States.
Growth Efficiency Ratio
—Sales barely changed
Sales changed by +1% in 3 years, too little to measure extra profit per extra sales.
Asset Productivity Ratio
+1% / -55%In 3 years sales changed by +1% while total assets changed by -55%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
-6.8×Operating cash was negative last year, while some debt falls due within a year.
Lower than 87% of Industrials companies in United States.
Cash Cushion Ratio
−33%Debt, after subtracting cash, equals 33% of its market value (net debt).
Lower than 72% of Industrials companies in United States.
Tangible Assets Ratio
99%Of every $100 the company owns, $99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 93% of Industrials companies in United States.
Tangible Net Worth Ratio
97%Of every $100 of net worth, $97 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 94% of Industrials companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (13)
Plug Power Inc. made a loss over the last year. Plug Power Inc. owes $0.73 for every $1 it owns. Plug Power Inc. made a loss in each of the last two years.
Compared with Industrials companies in United States · latest annual results Dec 2025.
P/E ratio
LossPlug Power Inc. made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
3.31The share price is 3.31 times Plug Power Inc.'s book value per share, higher than 61% of Industrials companies in United States.
Market cap
$1.9 BThe total market value of all of Plug Power Inc.'s shares at today's price (share price × number of shares), larger than 52% of Industrials companies in United States. PosiCap size class: Meso Cap.
Net worth (book value)
$582 MWhat Plug Power Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$0.42Net worth divided by the number of shares. The share price of $1.38 is 3.3 times this, which is the P/B above.
Return on equity (ROE)
-145.0%Plug Power Inc. lost 145.0% of its shareholders' money over the last year, lower than 94% of Industrials companies in United States.
Owes vs Owns
0.73×Plug Power Inc. owes $0.73 for every $1 it owns (moderate), higher than 77% of Industrials companies in United States.
Dividend yield
NonePlug Power Inc. does not currently pay a dividend.
Revenue growth
+13%Revenue rose 13% in the year to Dec 2025, and grew 0% a year on average over 3 years.
Profit growth
LossPlug Power Inc. made a loss in each of the last two years.
Profit margin
-229.8%Plug Power Inc. lost $230 for every $100 of revenue.
Interest cover
Not coveredPlug Power Inc.'s operating profit did not cover its interest costs in the year to Dec 2025.
Cash vs debt
Net debtPlug Power Inc. had $629 M more debt than cash (net debt) at Dec 2025.
Questions
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Plug Power Inc.: $1.9 B ÷ $582 M (30 Jun 2026) = 3.3.
What is Plug Power Inc.'s return on equity?
Plug Power Inc. lost 145.0% of its shareholders' money over the last year, lower than 94% of Industrials companies in United States.
How much does Plug Power Inc. owe compared with what it owns?
Plug Power Inc. owes $0.73 for every $1 it owns (moderate), higher than 77% of Industrials companies in United States.
Does Plug Power Inc. pay a dividend?
No. Plug Power Inc. does not currently pay a dividend.
Is Plug Power Inc.'s revenue growing?
Revenue rose 13% in the year to Dec 2025, and grew 0% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.