Company / Operating Income
PLUG POWER INC Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
-$1.5B
FY2025
5-year range
-$2.0B / -$437.3M
FY2021-FY2025
Trend
+27.4%
vs FY2024
Sector context
#327 of 328
Industrials
What the data says
Among 328 Industrials companies, PLUG POWER INC is in the bottom 0% for operating income. Operating Income returned to growth in FY2025 after 3 years of decline, reaching -$1.5B.
Based on SEC 10-K filings.
-$1.5B in FY2025.
Declined from -$1.3B to -$1.5B over the past 2 years.
Industrials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 0% in IndustrialsTop 100% of 328This company -$1.5B Sector average $718.3M
▼
-304.3% below sector average
Key checks
Key Insights
- In FY2025, operating income increased 27.4% year-over-year.
- Ranks #327 out of 328 companies in the Industrials sector.
- Peak operating income was recorded in FY2016.
- Lowest operating income in the period was in FY2024.
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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$1.5B | +27.4% |
| FY2024 | -$2.0B | -50.3% |
| FY2023 | -$1.3B | -97.7% |
| FY2022 | -$679.5M | -55.4% |
| FY2021 | -$437.3M | +25.1% |
| FY2020 | -$584.2M | -1127.0% |
| FY2019 | -$47.6M | +7.6% |
| FY2018 | -$51.5M | +12.7% |
| FY2017 | -$59.0M | -55.5% |
| FY2016 | -$37.9M | -31.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026