Plug Power (PLUG) Finished Goods (2013 - 2026)
Plug Power (PLUG) posted quarterly Finished Goods of $73.5 million for Q1 2026, down 54.49% year-over-year from $161.6 million in Q1 2025, and down 14.3% quarter-over-quarter from $85.8 million in Q4 2025.
Plug Power (PLUG) Finished Goods (2013 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Finished Goods for 14 consecutive years, with $73.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Finished Goods fell 54.49% year-over-year to $73.5 million; the TTM figure through Mar 2026 stood at $73.5 million (down 54.49% YoY), while the FY2025 annual figure was $85.8 million, down 37.99% from the prior year.
- Finished Goods fell to $73.5 million in Q1 2026 per PLUG's latest filing, from $85.8 million in the prior quarter.
- Across five years, Finished Goods topped out at $245.4 million in Q1 2024 and bottomed at $8.4 million in Q2 2022.
- Historically, Finished Goods has averaged $116.7 million across 5 years, with a median of $104.0 million in 2025.
- Annual changes were most pronounced in 2023 — Finished Goods surged 1475.69% — and 2025, when it sank 57.74%.
- Plug Power's Finished Goods stood at $64.1 million in 2022, then soared by 252.67% to $226.1 million in 2023, then tumbled by 38.8% to $138.4 million in 2024, then plunged by 37.99% to $85.8 million in 2025, then fell by 14.3% to $73.5 million in 2026.
- Business Quant data shows PLUG's Finished Goods at $73.5 million in Q1 2026, $85.8 million in Q4 2025, and $80.3 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 | 64.06 Mn |
| Mar 31, 2026 | 73.54 Mn |
| Dec 31, 2025 | 85.81 Mn |
| Sep 30, 2025 | 80.29 Mn |
| Jun 30, 2025 | 103.97 Mn |
| Mar 31, 2025 | 161.57 Mn |
| Dec 31, 2024 | 138.38 Mn |
| Sep 30, 2024 | 190.00 Mn |
| Jun 30, 2024 | 228.38 Mn |
| Mar 31, 2024 | 245.41 Mn |
| Dec 31, 2023 | 226.11 Mn |
| Sep 30, 2023 | 154.81 Mn |
| Jun 30, 2023 | 132.74 Mn |
| Mar 31, 2023 | 64.56 Mn |
| Dec 31, 2022 | 64.11 Mn |
| Sep 30, 2022 | 16.22 Mn |
| Jun 30, 2022 | 8.42 Mn |
| Mar 31, 2022 | 9.42 Mn |
| Dec 31, 2021 | 7.08 Mn |
| Sep 30, 2021 | 7.59 Mn |