Plug Power (PLUG) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: -13.2%
EBITDA Margin: -62.5%
Op. Margin: -67.0%
Net Margin: -150.0%

Op. margin of -67.0% is up 66.5% YoY — cost efficiency is improving. Net margin at -150.0% and gross margin of -13.2% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit