PLUG POWER INC (PLUG)

Business overview

The company's core business quality is constrained, as reflected in its Financial Quality score of 13 out of 100. Profitability metrics remain deeply in negative territory, with a gross margin of -34.1% and an operating margin of -206.7%. These negative margins indicate that unit economics and operations are not currently generating net positive income, creating uncertainty around long-term business model viability.

Financial health

PLUG's financial balance pillar receives a score of 46, reflecting potential financial pressure. Free cash flow margin is severely negative at -91.1%, which matters because ongoing negative cash flow drains liquidity. This cash burn creates uncertainty regarding the company's reliance on external capital to sustain operations.

Gross Margin

-34.1%

Operating Margin

-206.7%

Current Ratio

2.3x

Debt / Equity

Data unavailable

Free Cash Flow (TTM)

$-0.6B

Interest Coverage

-23x

Valuation

The overall Valuation pillar score is 46, with a reported P/S ratio of 0. Data for P/E, EV/EBITDA, and FCF yield are unavailable or listed as null due to negative earnings and cash flows. The absence of positive earnings metrics makes traditional valuation comparisons challenging and introduces valuation uncertainty.

P/E (TTM)

Data unavailable

Forward P/E

Data unavailable

Price / Sales

0.0x

EV / EBITDA

Data unavailable

FCF Yield

Data unavailable

Key risks

• Gross margin is negative at -34.1%.
• Operating margin is deeply negative at -206.7%.
• Free cash flow margin stands at -91.1%.