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| Date | Value |
|---|---|
| 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 |