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Held by 464 of 5,944 reporting institutions (97th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$647M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -167%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $369M covers the $291M due within a year 1.3× over. Scheduled principal only (excludes interest & revolver draws). As of 2020-09-30 (10-Q).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $709.9M 100.0% | $628.8M 100.0% | $891.3M 100.0% | $701.4M 100.0% | $502.3M 100.0% | -$93.2M | $230.0M 100.0% | $174.2M 100.0% | $100.2M 100.0% | $82.8M 100.0% |
| Cost of Revenue | $952.0M 134.1% | $1.25B 199.4% | $1.40B 157.0% | $895.8M 127.7% | $673.7M 134.1% | $376.2M | $219.3M 95.4% | $200.2M 114.9% | $131.4M 131.2% | $82.0M 99.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $54.8M 54.7% | $29.5M 35.7% |
| Cost of Services | — | — | — | — | — | — | — | — | $22.0M 22.0% | $13.9M 16.7% |
| Gross Profit | -$242.0M -34.1% | -$624.9M -99.4% | -$507.8M -57.0% | -$194.4M -27.7% | -$171.3M -34.1% | -$469.4M | $10.6M 4.6% | -$26.0M -14.9% | -$28.1M -28.0% | $3.9M 4.8% |
| Research & Development | $58.0M 8.2% | $77.2M 12.3% | $113.7M 12.8% | $99.6M 14.2% | $64.8M 12.9% | $27.8M | $15.1M 6.5% | $12.8M 7.3% | $28.7M 28.6% | $21.2M 25.6% |
| Selling, General & Admin | $379.6M 53.5% | $376.1M 59.8% | $422.5M 47.4% | $363.9M 51.9% | $179.9M 35.8% | $79.3M | $43.2M 18.8% | $37.7M 21.6% | $45.0M 44.9% | $34.3M 41.4% |
| Total Operating Expenses | $1.23B 172.6% | $1.39B 221.8% | $835.7M 93.8% | $485.2M 69.2% | $266.0M 53.0% | $114.8M | $58.3M 25.3% | $50.4M 28.9% | $73.7M 73.6% | $55.5M 67.0% |
| Operating Income | -$1.47B -206.7% | -$2.02B -321.2% | -$1.34B -150.7% | -$679.5M -96.9% | -$437.3M -87.1% | -$584.2M | -$47.6M -20.7% | -$76.4M -43.9% | -$101.8M -101.6% | -$51.5M -62.2% |
| Interest Expense | $65.1M 9.2% | $46.6M 7.4% | $45.2M 5.1% | $39.0M 5.6% | $43.2M 8.6% | $60.5M | $37.0M 16.1% | — | — | — |
| Interest & Investment Income | $19.4M 2.7% | $30.7M 4.9% | $55.8M 6.3% | — | — | — | — | — | — | — |
| Other Income (Expense), net | $7.6M 1.1% | -$20.0M -3.2% | -$131K -0.0% | -$1.1M -0.2% | -$606K -0.1% | -$60.5M | -$35.7M -15.5% | -$22.8M -13.1% | -$10.1M -10.1% | -$10.7M -12.9% |
| Pretax Income | -$1.69B -238.5% | -$2.11B -335.2% | -$1.38B -154.4% | -$723.2M -103.1% | -$476.2M -94.8% | -$627.0M | -$83.7M -36.4% | -$94.9M -54.5% | -$127.1M -126.9% | -$57.9M -69.9% |
| Income Tax Expense | $356K 0.1% | -$2.7M -0.4% | -$7.4M -0.8% | $839K 0.1% | -$16.2M -3.2% | -$30.8M | — | -$9.3M -5.3% | — | -$392K -0.5% |
| Net Income | -$1.63B -229.9% | -$2.10B -334.8% | -$1.37B -153.6% | -$724.0M -103.2% | -$460.0M -91.6% | -$596.2M | -$83.7M -36.4% | -$85.6M -49.1% | -$127.1M -126.9% | -$57.5M -69.4% |
| Per Share | ||||||||||
| EPS (Basic) | $-1.42 | $-2.68 | $-2.30 | $-1.25 | $-0.82 | $-1.68 | $-0.36 | $-0.39 | — | — |
| EPS (Diluted) | $-1.42 | $-2.68 | $-2.30 | $-1.25 | $-0.82 | $-1.68 | $-0.36 | $-0.39 | — | — |
| Weighted Avg Shares (Basic) | 1.15B | 785.0M | 595.5M | 579.7M | 558.2M | 354.8M | 237.2M | 218.9M | — | — |
| Weighted Avg Shares (Diluted) | 1.15B | 785.0M | 595.5M | 579.7M | 558.2M | 354.8M | 237.2M | 218.9M | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 44th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 114.9 | 95.4 | -403.5 | 134.1 | 127.7 | 157.0 | 199.4 | 134.1 |
| Gross Profit | -14.9 | 4.6 | 503.5 | -34.1 | -27.7 | -57.0 | -99.4 | -34.1 |
| R&D | 7.3 | 6.5 | -29.9 | 12.9 | 14.2 | 12.8 | 12.3 | 8.2 |
| SG&A | 21.6 | 18.8 | -85.1 | 35.8 | 51.9 | 47.4 | 59.8 | 53.5 |
| Operating Income | -43.9 | -20.7 | 626.6 | -87.1 | -96.9 | -150.7 | -321.2 | -206.7 |
| Income Tax | -5.3 | — | 33.1 | -3.2 | 0.1 | -0.8 | -0.4 | 0.1 |
| Net Income | -49.1 | -36.4 | 639.4 | -91.6 | -103.2 | -153.6 | -334.8 | -229.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PLUG: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| PLUG | $2.3B | — | — | 3.3× | 12.9% | -34.1% | -230% | -167% | -167% | — | 464 |
Peers = companies sharing PLUG's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.