Plug Power (PLUG) Capital Expenditures (2010 - 2026)
Plug Power (PLUG) reported Capital Expenditures of $26.1 million for Q1 2026, up 364.8% year-over-year from $5.6 million in Q1 2025, and up 1084.74% on a QoQ basis from -$2.6 million in Q4 2025.
Plug Power (PLUG) has 17 years of Capital Expenditures data on file, last reported at $26.1 million in Q1 2026.
- Quarterly Capital Expenditures rose 364.8% year-over-year to $26.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $46.3 million (down 76.86% YoY) and the FY2025 annual result came in at $25.8 million, down 91.0% from the prior year.
- Capital Expenditures improved to $26.1 million in Q1 2026 per PLUG's latest filing, from -$2.6 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $413.8 million in Q4 2022 and bottomed at -$293.2 million in Q3 2023.
- The 5-year median for Capital Expenditures is $33.9 million (2024), against an average of $55.1 million.
- The widest annual swing landed in 2022, when Capital Expenditures soared 18114.13%; it then plunged 4000.86% in 2023.
- Tracing PLUG's Capital Expenditures over 5 years: stood at $413.8 million in 2022, then slumped by 67.5% to $134.5 million in 2023, then plunged by 74.76% to $33.9 million in 2024, then plunged by 107.8% to -$2.6 million in 2025, then jumped by 1084.74% to $26.1 million in 2026.
- Per Business Quant, the three latest PLUG Capital Expenditures figures stand at $26.1 million (Q1 2026), -$2.6 million (Q4 2025), and -$50.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 1.40 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 26.18 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 36.10 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 40.60 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 36.60 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 1.83 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 15.80 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 12.83 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 26.07 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 152,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.07 Mn |
| Mar 31, 2026 | 26.07 Mn |
| Dec 31, 2025 | -2.65 Mn |
| Dec 31, 2025 | -2.65 Mn |
| Sep 30, 2025 | -50.58 Mn |
| Sep 30, 2025 | -50.58 Mn |
| Jun 30, 2025 | 73.46 Mn |
| Jun 30, 2025 | 73.46 Mn |
| Mar 31, 2025 | 5.61 Mn |
| Mar 31, 2025 | 5.61 Mn |
| Dec 31, 2024 | 33.95 Mn |
| Dec 31, 2024 | 33.95 Mn |
| Sep 30, 2024 | 242.13 Mn |
| Sep 30, 2024 | 242.13 Mn |
| Jun 30, 2024 | -81.60 Mn |
| Jun 30, 2024 | -81.60 Mn |
| Mar 31, 2024 | 92.62 Mn |
| Mar 31, 2024 | 92.62 Mn |
| Dec 31, 2023 | 134.48 Mn |
| Dec 31, 2023 | 134.48 Mn |
| Sep 30, 2023 | -293.23 Mn |
| Sep 30, 2023 | -293.23 Mn |
| Jun 30, 2023 | 150.76 Mn |
| Jun 30, 2023 | 150.76 Mn |
| Mar 31, 2023 | 168.57 Mn |
| Mar 31, 2023 | 168.57 Mn |
| Dec 31, 2022 | 413.83 Mn |
| Dec 31, 2022 | 413.83 Mn |
| Sep 30, 2022 | 7.52 Mn |
| Sep 30, 2022 | 7.52 Mn |
| Jun 30, 2022 | -63.13 Mn |
| Jun 30, 2022 | -63.13 Mn |
| Mar 31, 2022 | 78.39 Mn |
| Mar 31, 2022 | 78.39 Mn |
| Dec 31, 2021 | 2.27 Mn |
| Dec 31, 2021 | 2.27 Mn |
| Sep 30, 2021 | 11.78 Mn |
| Sep 30, 2021 | 11.78 Mn |
| Jun 30, 2021 | -3.76 Mn |
| Jun 30, 2021 | -3.76 Mn |
| Mar 31, 2021 | 9.88 Mn |
| Mar 31, 2021 | 9.88 Mn |
| Dec 31, 2020 | 8.83 Mn |
| Dec 31, 2020 | 8.83 Mn |
| Sep 30, 2020 | 7.44 Mn |
| Sep 30, 2020 | 7.44 Mn |
| Jun 30, 2020 | 3.75 Mn |
| Jun 30, 2020 | 3.75 Mn |
| Mar 31, 2020 | 2.51 Mn |
| Mar 31, 2020 | 2.51 Mn |
| Dec 31, 2019 | 1.05 Mn |
| Dec 31, 2019 | 1.05 Mn |
| Sep 30, 2019 | 2.65 Mn |
| Sep 30, 2019 | 2.65 Mn |
| Jun 30, 2019 | 519,000.00 |
| Jun 30, 2019 | 519,000.00 |
| Mar 31, 2019 | 1.47 Mn |
| Mar 31, 2019 | 1.47 Mn |
| Dec 31, 2018 | 10.23 Mn |
| Dec 31, 2018 | 10.23 Mn |
| Sep 30, 2018 | -9.87 Mn |
| Sep 30, 2018 | -9.87 Mn |
| Jun 30, 2018 | 9.86 Mn |
| Jun 30, 2018 | 9.86 Mn |
| Mar 31, 2018 | 3.28 Mn |
| Mar 31, 2018 | 3.28 Mn |
| Dec 31, 2017 | 2.27 Mn |
| Dec 31, 2017 | 2.27 Mn |
| Sep 30, 2017 | -17.67 Mn |
| Sep 30, 2017 | -17.67 Mn |
| Jun 30, 2017 | 19.19 Mn |
| Jun 30, 2017 | 19.19 Mn |
| Mar 31, 2017 | 303,000.00 |
| Mar 31, 2017 | 303,000.00 |
| Dec 31, 2016 | 52.87 Mn |
| Dec 31, 2016 | 52.87 Mn |
| Sep 30, 2016 | -61,000.00 |
| Sep 30, 2016 | -61,000.00 |
| Jun 30, 2016 | -9.22 Mn |
| Jun 30, 2016 | -9.22 Mn |
| Mar 31, 2016 | 11.75 Mn |
| Mar 31, 2016 | 11.75 Mn |
| Dec 31, 2015 | 618,000.00 |
| Dec 31, 2015 | 618,000.00 |
| Sep 30, 2015 | 1.51 Mn |
| Sep 30, 2015 | 1.51 Mn |
| Jun 30, 2015 | 1.16 Mn |
| Jun 30, 2015 | 1.16 Mn |
| Mar 31, 2015 | 229,000.00 |
| Mar 31, 2015 | 229,000.00 |
| Dec 31, 2014 | 213,000.00 |
| Dec 31, 2014 | 213,000.00 |
| Sep 30, 2014 | 676,000.00 |
| Sep 30, 2014 | 676,000.00 |
| Jun 30, 2014 | 237,549.00 |
| Jun 30, 2014 | 237,549.00 |
| Mar 31, 2014 | 286,451.00 |
| Mar 31, 2014 | 286,451.00 |
| Dec 31, 2013 | -33,752.00 |
| Dec 31, 2013 | -33,752.00 |
| Sep 30, 2013 | 73,820.00 |
| Sep 30, 2013 | 73,820.00 |
| Jun 30, 2013 | 72,841.00 |
| Jun 30, 2013 | 72,841.00 |
| Mar 31, 2013 | -1,909.00 |
| Mar 31, 2013 | -1,909.00 |
| Dec 31, 2012 | -214,862.00 |
| Dec 31, 2012 | -214,862.00 |
| Sep 30, 2012 | 251,558.00 |
| Sep 30, 2012 | 251,558.00 |
| Dec 31, 2011 | -2.48 Mn |
| Dec 31, 2011 | -2.48 Mn |
| Sep 30, 2011 | 90,828.00 |
| Sep 30, 2011 | 90,828.00 |
| Jun 30, 2011 | 98,460.00 |
| Jun 30, 2011 | 98,460.00 |
| Mar 31, 2011 | 966,875.00 |
| Mar 31, 2011 | 966,875.00 |
| Dec 31, 2010 | -96,985.00 |
| Dec 31, 2010 | -96,985.00 |
| Sep 30, 2010 | -17,529.00 |
| Sep 30, 2010 | -17,529.00 |