Company / Free Cash Flow
PLUG POWER INC Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
-$647.0M
FY2025
5-year range
-$1.8B / -$530.3M
FY2021-FY2025
Trend
+36.3%
vs FY2024
Sector context
#330 of 336
Industrials
What the data says
Among 336 Industrials companies, PLUG POWER INC is in the bottom 2% for free cash flow. Free Cash Flow has fluctuated over the past 10 years, ranging from -$1.8B in FY2023 to -$32M in FY2018.
Based on SEC 10-K filings.
-$647M in FY2025.
Improved from -$1.8B to -$647M over the past 2 years.
Industrials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 2% in IndustrialsTop 98% of 336This company -$647.0M Sector average $628.9M
▼
-202.9% below sector average
Key checks
Key Insights
- In FY2025, free cash flow increased 36.3% year-over-year.
- Ranks #330 out of 336 companies in the Industrials sector.
- Peak free cash flow was recorded in FY2018.
- Lowest free cash flow in the period was 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 | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$647.0M | +36.3% |
| FY2024 | -$1.0B | +42.7% |
| FY2023 | -$1.8B | -40.0% |
| FY2022 | -$1.3B | -138.6% |
| FY2021 | -$530.3M | -197.9% |
| FY2020 | -$178.0M | -201.7% |
| FY2019 | -$59.0M | -82.2% |
| FY2018 | -$32.4M | +36.3% |
| FY2017 | -$50.8M | -20.4% |
| FY2016 | -$42.2M | -56.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026