Plug Power Inc (PLUG) — Financial Flexibility Index
Plug Power Inc (PLUG) has a Financial Flexibility Index of -0.09x as of March 2026. Free cash flow of $-147.63 Million (operating CF $-150.04 Million minus capex $2.41 Million) represents 0% of total liabilities ($1.59 Billion). Check PLUG strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Plug Power Inc Financial Flexibility Index (1998–2025)
Historical Financial Flexibility Index trend for Plug Power Inc across 28 annual periods. See PLUG working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Plug Power Inc (1998–2025)
Year-by-year free cash flow to debt coverage for Plug Power Inc. For the full company profile including market capitalisation, see market value of Plug Power Inc.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.26x | $-410.19 Million | $-535.84 Million | $1.59 Billion | ▼ -17.3% |
| 2024 | -0.22x | $-394.39 Million | $-728.64 Million | $1.80 Billion | ▼ -7.3% |
| 2023 | -0.20x | $-410.44 Million | $-1.11 Billion | $2.00 Billion | ▼ -122.3% |
| 2022 | -0.09x | $-156.96 Million | $-620.83 Million | $1.70 Billion | ▲ +24.9% |
| 2021 | -0.12x | $-164.91 Million | $-358.18 Million | $1.34 Billion | ▲ +10.3% |
| 2020 | -0.14x | $-105.25 Million | $-155.48 Million | $769.83 Million | ▼ -120.9% |
| 2019 | -0.06x | $-41.11 Million | $-53.32 Million | $664.16 Million | ▲ +38.1% |
| 2018 | -0.10x | $-38.78 Million | $-58.35 Million | $387.61 Million | ▼ -24.7% |
| 2017 | -0.08x | $-15.82 Million | $-60.18 Million | $197.16 Million | ▼ -143.9% |
| 2016 | 0.18x | $28.44 Million | $-29.64 Million | $155.74 Million | ▲ +135.4% |
| 2015 | -0.52x | $-43.75 Million | $-47.27 Million | $84.72 Million | ▲ +37.6% |
| 2014 | -0.83x | $-39.37 Million | $-40.78 Million | $47.60 Million | ▼ -64.5% |
| 2013 | -0.50x | $-26.77 Million | $-26.88 Million | $53.23 Million | ▲ +38.8% |
| 2012 | -0.82x | $-20.09 Million | $-20.16 Million | $24.43 Million | ▲ +31.6% |
| 2011 | -1.20x | $-31.98 Million | $-33.31 Million | $26.62 Million | ▲ +50.7% |
| 2010 | -2.44x | $-39.67 Million | $-40.77 Million | $16.26 Million | ▼ -391.2% |
| 2009 | -0.50x | $-37.70 Million | $-38.23 Million | $75.92 Million | ▲ +25.1% |
| 2008 | -0.66x | $-55.18 Million | $-56.60 Million | $83.25 Million | ▲ +72.1% |
| 2007 | -2.38x | $-46.37 Million | $-49.31 Million | $19.49 Million | ▲ +28.9% |
| 2006 | -3.35x | $-44.83 Million | $-46.11 Million | $13.39 Million | ▼ -27.7% |
| 2005 | -2.62x | $-38.87 Million | $-39.87 Million | $14.83 Million | ▼ -29.0% |
| 2004 | -2.03x | $-32.28 Million | $-33.90 Million | $15.88 Million | ▲ +11.4% |
| 2003 | -2.29x | $-37.39 Million | $-38.02 Million | $16.30 Million | ▼ -2.9% |
| 2002 | -2.23x | $-35.63 Million | $-36.89 Million | $15.99 Million | ▲ +30.6% |
| 2001 | -3.21x | $-52.61 Million | $-55.29 Million | $16.37 Million | ▼ -0.3% |
| 2000 | -3.20x | $-53.50 Million | $-65.49 Million | $16.70 Million | ▼ -264.1% |
| 1999 | -0.88x | $-12.95 Million | $-23.74 Million | $14.72 Million | ▲ +55.1% |
| 1998 | -1.96x | $-5.10 Million | $-7.50 Million | $2.60 Million | — |