Plug Power Gross Profit 2011-2026 | PLUG

Gross profit is a key indicator of how efficiently a company produces or sells its products. This metric helps assess a business’s ability to generate revenue at the initial stage, before accounting for all other expenses. Regular analysis of gross profit allows companies to respond in a timely manner to changes in cost of goods, pricing strategy, and market conditions.

Calculation formula:
Gross Profit = Revenue – Cost of Goods Sold (COGS)

Revenue — all cash inflows from the sale of goods or services.
Cost of Goods Sold — direct costs related to the production or acquisition of goods:

Raw materials and supplies

Wages of production personnel

Depreciation of equipment

Transportation and warehousing costs (if directly related to production)

Importance for business:

Assessing core business profitability
If gross profit is declining, it may indicate rising production costs or falling sales.
Financial planning
Gross profit is the basis for calculating other key metrics, such as operating and net profit.
Benchmarking against competitors
Gross profit analysis helps compare the efficiency of different companies within the same industry.
Insights into pricing effectiveness
If gross profit is low, the company may be pricing too low or failing to control costs effectively.

Reasons for a decline in gross profit:

Increase in raw material and supply costs
Rising production expenses
Price reductions due to competition
Decrease in sales volume
Currency exchange rate fluctuations (for imports/exports)

Gross profit is an important metric, but it does not provide a complete picture of a company’s financial health, as it does not account for administrative and selling expenses, taxes, debt burden, or depreciation.

Annual Gross Profit Plug Power

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
-242 M	-625 M	-508 M	-194 M	-171 M	-469 M	28 M	2.62 M	1.58 M	3.95 M	-9.89 M	-4.86 M	-11.2 M	-14.4 M	-9.28 M	-	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
28 M	-625 M	-148 M

Quarterly Gross Profit Plug Power

2026-Q1	2025-Q3	2025-Q2	2025-Q1	2024-Q3	2024-Q2	2024-Q1	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-21.6 M	-120 M	-53.5 M	-73.9 M	-100 M	-131 M	-159 M	-138 M	-78.1 M	-69.4 M	-	-46.1 M	-32.5 M	-35.3 M	-	-31.1 M	-40.3 M	-12.2 M	-431 M	-28.6 M	-15 K	-9.7 M	7.75 M	4.5 M	6.14 M	-7.74 M	4.51 M	4.41 M	-2.31 M	-3.98 M	-657 K	-19.4 M	-3.54 M	-4.48 M	3.01 M	381 K	384 K	170 K	-9.42 M	76 K	1.56 M	-2.11 M	-1.66 M	-1.09 M	195 K	-2.31 M	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
7.75 M	-431 M	-37.2 M

Gross Profit of other stocks in the Electrical equipment industry

Issuer	Gross Profit	Price	% 24h	Market Cap	Country
Hollysys Automation Technologies Ltd. HOLI	255 M	-	0.04 %	$ 1.61 B	China
EnerSys ENS	1.1 B	$ 238.44	2.67 %	$ 8.93 B	USA
Flux Power Holdings FLUX	21.7 M	$ 1.05	2.94 %	$ 17.6 M	USA
Hubbell Incorporated HUBB	525 M	$ 477.03	0.43 %	$ 25.4 B	USA
ТАНТАЛ TANL	-82.9 M	-	-	-	Russia
GrafTech International Ltd. EAF	-15.7 M	$ 9.16	0.66 %	$ 238 M	USA
FuelCell Energy FCEL	-21.3 M	$ 24.92	-0.36 %	$ 411 M	USA
Ault Global Holdings, Inc. DPW	7.51 M	-	-7.98 %	$ 123 M	USA
Preformed Line Products Company PLPC	209 M	$ 374.47	4.65 %	$ 1.84 B	USA
Polar Power POLA	-3.16 M	$ 2.05	-0.49 %	$ 5.21 M	USA
Powell Industries POWL	93.5 M	$ 288.5	3.32 %	$ 3.48 B	USA
Ideal Power IPWR	-22.7 K	$ 7.68	34.03 %	$ 70.2 M	USA
Lightbridge Corporation LTBR	68.4 K	$ 11.83	5.44 %	$ 395 M	USA
CBAK Energy Technology CBAT	18.4 M	$ 0.85	12.85 %	$ 75.9 M	China
Orion Energy Systems OESX	20.2 M	$ 9.87	-0.1 %	$ 324 M	USA
Ocean Power Technologies OPTT	1.66 M	$ 0.36	1.01 %	$ 45.7 M	USA
Acuity Brands AYI	2.08 B	$ 295.19	2.64 %	$ 9.11 B	USA
AZZ AZZ	395 M	$ 141.08	2.31 %	$ 4.23 B	USA
Eos Energy Enterprises EOSE	-144 M	$ 8.9	10.48 %	$ 2.32 B	USA
Badger Meter BMI	93 M	$ 128.64	2.23 %	$ 3.78 B	USA
Servotronics SVT	8.27 M	-	-0.32 %	$ 116 M	USA
Energizer Holdings ENR	1.23 B	$ 18.32	0.77 %	$ 1.3 B	USA
Espey Mfg. & Electronics Corp. ESP	3.77 M	$ 58.4	1.39 %	$ 151 M	USA
Kimball Electronics KE	104 M	$ 25.34	3.01 %	$ 628 M	USA
Encore Wire Corporation WIRE	136 M	-	-	$ 4.89 B	USA
Advanced Energy Industries AEIS	677 M	$ 339.48	4.5 %	$ 12.8 B	USA
Belden BDC	1.03 B	$ 108.86	2.67 %	$ 4.31 B	USA
Bloom Energy Corporation BE	587 M	$ 305.13	0.87 %	$ 73.4 B	USA
Asia Pacific Wire & Cable Corporation Limited APWC	35.1 M	$ 1.43	-4.67 %	$ 29.5 M	Taiwan
nVent Electric plc NVT	1.47 B	$ 168.82	2.48 %	$ 27.4 B	Britain
Pioneer Power Solutions PPSI	3.43 M	$ 5.29	1.54 %	$ 58.7 M	USA
RF Industries, Ltd. RFIL	26.7 M	$ 19.4	4.75 %	$ 207 M	USA