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

Plug Power (PLUG) reported Capital Leases of $14.8 million for Q1 2026, down 22.72% year-over-year from $19.1 million in Q1 2025, and down 16.32% quarter-over-quarter 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.

  • Capital Leases for Q1 2026 came in at $14.8 million, down 22.72% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.8 million (down 22.72% YoY), and the FY2025 annual result was $17.6 million, down 22.61% from the prior year.
  • Capital Leases fell to $14.8 million in Q1 2026 per PLUG's latest filing, from $17.6 million in the prior quarter.
  • Over five years, Capital Leases peaked at $39.4 million in Q1 2023 and troughed at $14.8 million in Q1 2026.
  • A 5-year average of $29.1 million and a median of $30.6 million in 2024 frame the typical range for Capital Leases.
  • The sharpest annual moves came in 2022 and 2025: Capital Leases surged 258.76% in 2022, then tumbled 43.32% in 2025.
  • A 5-year view of Capital Leases shows it stood at $38.0 million in 2022, then slipped by 4.88% to $36.1 million in 2023, then tumbled by 36.96% to $22.8 million in 2024, then decreased by 22.61% to $17.6 million in 2025, then slipped by 16.32% to $14.8 million in 2026.
  • Business Quant data shows PLUG's Capital Leases at $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 Novonix 479.97 Bn 479.92 Bn -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn
10 Plug Power 3.75 Bn 3.37 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