Plug Power (PLUG) Depreciation and Depletion (2010 - 2026)
Plug Power's (PLUG) quarterly Depreciation and Depletion came in at $6.3 million in Q1 2026, down 47.98% year-on-year from $12.1 million in Q1 2025, and up 37.88% on a QoQ basis from $4.6 million in Q4 2025.
Plug Power (PLUG) Depreciation and Depletion (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 10 years of Depreciation and Depletion data on file, last reported at $6.3 million in Q1 2026.
- On a quarterly basis, Depreciation and Depletion fell 47.98% year-over-year to $6.3 million in Q1 2026; TTM through Mar 2026 was $31.8 million, a 43.88% decrease from a year earlier, with the FY2025 full-year figure at $37.6 million, down 38.46% from the prior year.
- Depreciation and Depletion for Q1 2026 stood at $6.3 million, up from $4.6 million in the prior quarter.
- Over the last five years, Depreciation and Depletion for PLUG reached as high as $18.0 million in Q2 2024 and fell as low as $2.8 million in Q1 2022.
- Historically, Depreciation and Depletion has averaged $11.0 million across 5 years, with a median of $10.2 million in 2022.
- Across the five-year window, Depreciation and Depletion soared 244.44% in 2023 and plunged 52.32% in 2025, its largest moves.
- Year by year, Depreciation and Depletion stood at $10.2 million in 2022, then surged by 38.97% to $14.2 million in 2023, then tumbled by 33.15% to $9.5 million in 2024, then slumped by 51.69% to $4.6 million in 2025, then surged by 37.88% to $6.3 million in 2026.
- Per Business Quant data, the three most recent Depreciation and Depletion figures were $6.3 million in Q1 2026, $4.6 million in Q4 2025, and $8.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Depreciation and Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | - |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 27.50 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 13.28 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | - |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 16.80 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 | 20.62 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | 6.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.31 Mn |
| Mar 31, 2026 | 6.31 Mn |
| Dec 31, 2025 | 4.58 Mn |
| Dec 31, 2025 | 4.58 Mn |
| Sep 30, 2025 | 8.12 Mn |
| Sep 30, 2025 | 8.12 Mn |
| Jun 30, 2025 | 12.78 Mn |
| Jun 30, 2025 | 12.78 Mn |
| Mar 31, 2025 | 12.13 Mn |
| Mar 31, 2025 | 12.13 Mn |
| Dec 31, 2024 | 9.48 Mn |
| Dec 31, 2024 | 9.48 Mn |
| Sep 30, 2024 | 17.04 Mn |
| Sep 30, 2024 | 17.04 Mn |
| Jun 30, 2024 | 18.00 Mn |
| Jun 30, 2024 | 18.00 Mn |
| Mar 31, 2024 | 16.61 Mn |
| Mar 31, 2024 | 16.61 Mn |
| Dec 31, 2023 | 14.18 Mn |
| Dec 31, 2023 | 14.18 Mn |