Company / Operating Margin
PLUG POWER INC Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-206.7%
FY2025
5-year range
-321.2% / -87.1%
FY2021-FY2025
Trend
+35.6%
vs FY2024
Sector context
#292 of 304
Industrials
What the data says
Among 304 Industrials companies, PLUG POWER INC is in the bottom 4% for operating margin. Operating Margin returned to growth in FY2025 after 4 years of decline, reaching -206.7%.
Based on SEC 10-K filings.
-206.7% in FY2025 with a 5-year CAGR of -833.3%.
Declined from -150.7% to -206.7% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -109.8pp
- 5-Year Change
- -833.3pp
- 10-Year Change
- -
Sector benchmark
Bottom 4% in IndustrialsTop 96% of 304This company -206.7% Sector average -843.0%
▼
+75.5% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 35.6% year-over-year.
- Currently 636.3pp above the Industrials sector average.
- Peak operating margin was recorded in FY2020.
- Lowest operating margin 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 MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -206.7% | +35.6% |
| FY2024 | -321.2% | -113.1% |
| FY2023 | -150.7% | -55.6% |
| FY2022 | -96.9% | -11.3% |
| FY2021 | -87.1% | -113.9% |
| FY2020 | 626.6% | +3127.0% |
| FY2019 | -20.7% | +66.7% |
| FY2018 | -62.2% | -8.9% |
| FY2017 | -57.1% | +3.3% |
| FY2016 | -59.1% | +45.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026