Company / Working Capital
PLUG POWER INC Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$799.7M
FY2025
5-year range
$729.0M / $4.0B
FY2021-FY2025
Trend
+9.7%
vs FY2024
Sector context
#106 of 346
Industrials
What the data says
At $800M, PLUG POWER INC's working capital ranks #106 of 346 in the Industrials sector. Working Capital returned to growth in FY2025 after 3 years of decline, reaching $800M.
Based on SEC 10-K filings.
$800M in FY2025 with a 5-year CAGR of -10.3%.
Declined from $822M to $800M over the past 2 years.
Industrials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -33.1%
- 5-Year CAGR
- -10.3%
- 10-Year CAGR
- -
Sector benchmark
#106 of 346 in IndustrialsTop 31% of 346This company $799.7M Sector average $689.0M
▼
+16.1% above sector average
Key checks
Key Insights
- 5-year CAGR of -10.3%, indicating a declining trend.
- In FY2025, working capital increased 9.7% year-over-year.
- Ranks #106 out of 346 companies in the Industrials sector.
- Peak working capital was recorded in FY2021.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $799.7M | +9.7% |
| FY2024 | $729.0M | -11.3% |
| FY2023 | $822.2M | -69.2% |
| FY2022 | $2.7B | -33.7% |
| FY2021 | $4.0B | +191.7% |
| FY2020 | $1.4B | +1580.5% |
| FY2019 | $82.2M | +788.8% |
| FY2018 | $9.2M | +137.9% |
| FY2017 | $3.9M | -91.3% |
| FY2016 | $44.4M | -49.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026