Plug Power Inc
$4.21B- Market cap
- $3.03B
- Debt
- +$1.55B
- Cash
- −$368.54M
Capital structure 66% equity / 34% debt · EV / Revenue 5.93x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $3.03B · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: PLUG stock price vs H: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at H's multiple
Needs H P/S is negative.
Implied fair value · at PLUG's multiple
Metric by metric
Snapshot Sep 4, 4:00 PM ET
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PLUG FY 2025 (ended Dec 31, 2025) · H FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 66% equity / 34% debt · EV / Revenue 5.93x
Capital structure 0% equity / 100% debt · EV / Revenue 0.49x · EV / EBITDA 4.84x
PLUG carries the larger enterprise value at $4.21B against $3.46B; H trades on the lower EV / Revenue multiple (0.49x vs 5.93x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
PLUG POWER INC · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Hyatt Hotels Corp · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.58x
1.28x
Net debt / EBITDA
Leverage against operating earnings
-0.81x
4.84x
Cash and equivalents
Liquid reserves on the balance sheet
$368.54M
$813.00M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$1.55B
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