Plug Power (PLUG) Capital Leases (2012 - 2026)

Plug Power's (PLUG) quarterly Capital Leases came in at $14.8 million in Q1 2026, down 22.72% year-on-year from $19.1 million in Q1 2025, and down 16.32% on a QoQ basis from $17.6 million in Q4 2025.

Plug Power (PLUG) Capital Leases (2012 - 2026) Analysis & Trends

Plug Power (PLUG) has 11 years of Capital Leases data on file, last reported at $14.8 million in Q1 2026.

  • On a quarterly basis, Capital Leases fell 22.72% year-over-year to $14.8 million in Q1 2026; TTM through Mar 2026 was $14.8 million, a 22.72% decrease from a year earlier, with the FY2025 full-year figure at $17.6 million, down 22.61% from the prior year.
  • Capital Leases for Q1 2026 stood at $14.8 million, down from $17.6 million in the prior quarter.
  • Over the last five years, Capital Leases for PLUG reached as high as $39.4 million in Q1 2023 and fell as low as $14.8 million in Q1 2026.
  • Historically, Capital Leases has averaged $29.1 million across 5 years, with a median of $30.6 million in 2024.
  • Across the five-year window, Capital Leases soared 258.76% in 2022 and sank 43.32% in 2025, its largest moves.
  • Year by year, Capital Leases stood at $38.0 million in 2022, then fell by 4.88% to $36.1 million in 2023, then plunged by 36.96% to $22.8 million in 2024, then declined by 22.61% to $17.6 million in 2025, then fell by 16.32% to $14.8 million in 2026.
  • Per Business Quant data, the three most recent Capital Leases figures were $14.8 million in Q1 2026, $17.6 million in Q4 2025, and $20.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 14.75 Mn
Dec 31, 2025 17.63 Mn
Sep 30, 2025 20.19 Mn
Jun 30, 2025 22.47 Mn
Mar 31, 2025 19.09 Mn
Dec 31, 2024 22.78 Mn
Sep 30, 2024 27.13 Mn
Jun 30, 2024 30.57 Mn
Mar 31, 2024 33.67 Mn
Dec 31, 2023 36.13 Mn
Sep 30, 2023 35.12 Mn
Jun 30, 2023 37.80 Mn
Mar 31, 2023 39.40 Mn
Dec 31, 2022 37.99 Mn
Sep 30, 2022 35.86 Mn
Jun 30, 2022 32.97 Mn
Mar 31, 2022 30.52 Mn
Dec 31, 2021 24.61 Mn
Sep 30, 2021 17.03 Mn
Jun 30, 2021 12.38 Mn