Plug Power Ratios and Metrics

Market cap in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	43,218	48,689	40,442	46,065	140,649	333,554
Market Cap Growth	39.68%	20.39%	-12.21%	-67.25%	-57.83%	8.98%
Enterprise Value	59,003	65,027	57,835	52,921	105,505	260,931
Last Close Price	31.45	35.01	45.68	79.96	235.00	581.41
PS Ratio	3.48	3.81	3.09	3.06	10.28	32.39
PB Ratio	1.57	2.70	1.07	0.94	1.78	3.53
P/TBV Ratio	1.76	2.85	1.18	1.01	2.00	3.85
EV/Sales Ratio	5.02	5.09	4.41	3.51	7.71	25.34
Debt / Equity Ratio	0.99	0.99	0.60	0.33	0.22	0.18
Net Debt / Equity Ratio	0.63	0.63	0.48	0.29	-0.31	-0.66
Net Debt / EBITDA Ratio	-0.99	-0.99	-0.85	-0.85	2.08	7.79
Net Debt / FCF Ratio	-0.95	-0.95	-0.82	-0.46	0.98	5.56
Asset Turnover	0.23	0.23	0.15	0.17	0.12	0.12
Inventory Turnover	1.62	1.62	1.47	1.63	1.90	2.95
Quick Ratio	1.00	1.00	0.65	0.52	3.70	9.52
Current Ratio	2.31	2.31	1.97	1.85	5.20	10.58
Return on Equity (ROE)	-120.50%	-120.50%	-89.46%	-39.34%	-16.71%	-15.15%
Return on Assets (ROA)	-13.71%	-13.71%	-16.41%	-12.35%	-7.02%	-6.34%
Return on Capital Employed (ROCE)	-34.30%	-34.30%	-39.10%	-26.80%	-12.80%	-7.50%
Earnings Yield	-90.02%	-60.33%	-108.44%	-50.24%	-10.04%	-2.83%
FCF Yield	-28.63%	-24.46%	-54.76%	-66.16%	-17.93%	-3.38%
Buyback Yield / Dilution	-45.67%	-46.37%	-31.83%	-2.72%	-3.86%	-57.33%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.