Plug Power (PLUG) Capital Leases (2012 - 2026)
Plug Power (PLUG) posted quarterly 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 reported Capital Leases for 11 consecutive years, with $14.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Leases fell 22.72% year-over-year to $14.8 million; the TTM figure through Mar 2026 stood at $14.8 million (down 22.72% YoY), while the FY2025 annual figure was $17.6 million, down 22.61% from the prior year.
- Capital Leases eased to $14.8 million in Q1 2026 per PLUG's latest filing, from $17.6 million in the prior quarter.
- Across five years, Capital Leases topped out at $39.4 million in Q1 2023 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Capital Leases surged 258.76% — and 2025, when it tumbled 43.32%.
- Plug Power's Capital Leases stood at $38.0 million in 2022, then dropped by 4.88% to $36.1 million in 2023, then plunged by 36.96% to $22.8 million in 2024, then slipped by 22.61% to $17.6 million in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.34 Mn |
| 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 |