Plug Power Inc (PLUG) — Tangible Net Worth Ratio
Plug Power Inc (PLUG) has a Tangible Net Worth Ratio of 95.4% as of June 2026. This metric is calculated by deducting intangible assets ($27.29 Million) from net assets ($587.29 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Plug Power Inc net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Plug Power Inc Tangible Net Worth Ratio (1998–2025)
This chart shows how Plug Power Inc's Tangible Net Worth Ratio has changed across 27 annual periods from 1998 to 2025. As of June 2026, the ratio stands at 95.4%, reflecting net assets of $587.29 Million with intangible assets of $27.29 Million USD. For live market cap and overall valuation, see Plug Power Inc stock valuation.
Annual Tangible Net Worth Ratio for Plug Power Inc (1998–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Plug Power Inc from 1998 to 2025, covering 27 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore capital reinvestment ratio of Plug Power Inc to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.1% | $1.00 Billion | $29.23 Million | $2.59 Billion | ▲ +1.8 pp |
| 2024 | 95.3% | $1.81 Billion | $84.66 Million | $3.60 Billion | ▲ +1.8 pp |
| 2023 | 93.5% | $2.90 Billion | $188.89 Million | $4.90 Billion | ▼ -1.4 pp |
| 2022 | 94.9% | $4.06 Billion | $207.72 Million | $5.76 Billion | ▼ -1.7 pp |
| 2021 | 96.6% | $4.61 Billion | $158.21 Million | $5.95 Billion | ▲ +3.3 pp |
| 2020 | 93.3% | $586.26 Million | $39.57 Million | $1.36 Billion | ▲ +9.9 pp |
| 2019 | 83.4% | $234.56 Million | $38.97 Million | $898.72 Million | ▲ +126.8 pp |
| 2018 | -43.4% | $2.71 Million | $3.89 Million | $390.33 Million | ▼ -138.2 pp |
| 2017 | 94.9% | $73.65 Million | $3.79 Million | $270.81 Million | ▼ -0.5 pp |
| 2016 | 95.4% | $85.09 Million | $3.93 Million | $240.83 Million | ▼ -0.9 pp |
| 2015 | 96.3% | $124.74 Million | $4.64 Million | $209.46 Million | ▼ -2.8 pp |
| 2014 | 99.1% | $158.28 Million | $1.49 Million | $205.88 Million | ▲ +34.1 pp |
| 2012 | 64.9% | $15.03 Million | $5.27 Million | $39.46 Million | ▼ -9.3 pp |
| 2011 | 74.3% | $29.04 Million | $7.47 Million | $55.66 Million | ▲ +22977.3 pp |
| 2010 | -22903.1% | $42.91 Million | $9.87 Billion | $59.18 Million | ▼ -22989.7 pp |
| 2009 | 86.6% | $88.27 Million | $11.82 Million | $164.18 Million | ▼ -3.2 pp |
| 2008 | 89.8% | $125.86 Million | $12.84 Million | $209.11 Million | ▼ -3.4 pp |
| 2007 | 93.2% | $248.90 Million | $16.98 Million | $268.39 Million | ▼ -3.3 pp |
| 2006 | 96.5% | $294.53 Million | $10.39 Million | $307.92 Million | ▲ +4.8 pp |
| 2005 | 91.7% | $124.95 Million | $10.39 Million | $139.78 Million | ▼ -7.6 pp |
| 2004 | 99.3% | $102.11 Million | $687.50K | $118.00 Million | ▲ +8.9 pp |
| 2003 | 90.4% | $144.29 Million | $13.83 Million | $160.59 Million | ▼ -9.0 pp |
| 2002 | 99.4% | $92.70 Million | $514.85K | $108.68 Million | ▲ +2.0 pp |
| 2001 | 97.4% | $135.00 Million | $3.47 Million | $151.37 Million | ▲ +2.5 pp |
| 2000 | 94.9% | $134.13 Million | $6.83 Million | $150.83 Million | ▼ -5.1 pp |
| 1999 | 100.0% | $201.41 Million | $0.00 | $216.13 Million | ▲ +0.0 pp |
| 1998 | 100.0% | $5.50 Million | $0.00 | $8.10 Million | — |