Company / SG&A Expense
PLUG POWER INC SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$379.6M
FY2025
5-year range
$179.9M / $422.5M
FY2021-FY2025
Trend
+0.9%
vs FY2024
Sector context
#154 of 311
Industrials
What the data says
At $380M, PLUG POWER INC's sg&a expense ranks #158 of 311 in the Industrials sector. Improved from $422M to $380M over the past 2 years.
Based on SEC 10-K filings.
$380M in FY2025 with a 5-year CAGR of +36.8%.
Improved from $422M to $380M over the past 2 years.
Industrials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +1.4%
- 5-Year CAGR
- +36.8%
- 10-Year CAGR
- -
Sector benchmark
#158 of 311 in IndustrialsTop 50% of 311This company $379.6M Sector average $849.5M
▼
-55.3% below sector average
Key checks
Key Insights
- 5-year CAGR of +36.8%, indicating consistent growth.
- In FY2025, sg&a expense increased 0.9% year-over-year.
- Ranks #154 out of 311 companies in the Industrials sector.
- Peak sg&a expense 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $379.6M | +0.9% |
| FY2024 | $376.1M | -11.0% |
| FY2023 | $422.5M | +16.1% |
| FY2022 | $363.9M | +102.3% |
| FY2021 | $179.9M | +126.7% |
| FY2020 | $79.3M | +83.7% |
| FY2019 | $43.2M | +26.0% |
| FY2018 | $34.3M | +0.4% |
| FY2017 | $34.2M | +28.4% |
| FY2016 | $26.6M | +82.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026