Plug Power Inc. (PLUG) Gross margin 2016–2025
Plug Power Inc. (PLUG) gross margin by fiscal year — reported gross profit divided by reported revenue.
-34.1%FY2025 · since FY2016: 4.8% → -34.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -34.1% | +65.3 pp |
| FY2024 | -99.4% | -42.4 pp |
| FY2023 | -57.0% | -29.3 pp |
| FY2022 | -27.7% | +6.4 pp |
| FY2021 | -34.1% | — |
| FY2019 | 4.6% | +19.6 pp |
| FY2018 | -14.9% | +13.1 pp |
| FY2017 | -28.0% | -32.8 pp |
| FY2016 | 4.8% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice