Company / Cost of Revenue
PLUG POWER INC Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$952.0M
FY2025
5-year range
$673.7M / $1.4B
FY2021-FY2025
Trend
-24.1%
vs FY2024
Sector context
#164 of 245
Industrials
What the data says
At $952M, PLUG POWER INC's cost of revenue ranks #82 of 245 in the Industrials sector. Cost of Revenue has fluctuated over the past 10 years, ranging from $51M in FY2020 to $1.4B in FY2023.
Based on SEC 10-K filings.
$952M in FY2025 with a 5-year CAGR of +79.9%.
Improved from $1.4B to $952M over the past 2 years.
Industrials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +2.0%
- 5-Year CAGR
- +79.9%
- 10-Year CAGR
- -
Sector benchmark
#82 of 245 in IndustrialsTop 33% of 245This company $952.0M Sector average $4.3B
▼
-78.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +79.9%, indicating consistent growth.
- In FY2025, cost of revenue decreased 24.1% year-over-year.
- Ranks #164 out of 245 companies in the Industrials sector.
- Peak cost of revenue was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score -3.69 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $952.0M | -24.1% |
| FY2024 | $1.3B | -10.4% |
| FY2023 | $1.4B | +56.2% |
| FY2022 | $895.8M | +33.0% |
| FY2021 | $673.7M | +1233.4% |
| FY2020 | $50.5M | -37.3% |
| FY2019 | $80.6M | +2.2% |
| FY2018 | $78.9M | -30.3% |
| FY2017 | $113.2M | +63.8% |
| FY2016 | $69.1M | +82.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026