Plug Power (PLUG) Finished Goods (2013 - 2026)
Plug Power (PLUG) reported 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 14 years of Finished Goods data on file, last reported at $73.5 million in Q1 2026.
- Finished Goods for Q1 2026 came in at $73.5 million, down 54.49% year-over-year; the trailing twelve-month figure through Mar 2026 was $73.5 million (down 54.49% YoY), and the FY2025 annual result was $85.8 million, down 37.99% from the prior year.
- Finished Goods slipped to $73.5 million in Q1 2026 per PLUG's latest filing, from $85.8 million in the prior quarter.
- Over five years, Finished Goods peaked at $245.4 million in Q1 2024 and troughed at $8.4 million in Q2 2022.
- A 5-year average of $116.7 million and a median of $104.0 million in 2025 frame the typical range for Finished Goods.
- The sharpest annual moves came in 2023 and 2025: Finished Goods surged 1475.69% in 2023, then sank 57.74% in 2025.
- A 5-year view of Finished Goods shows it stood at $64.1 million in 2022, then surged by 252.67% to $226.1 million in 2023, then slumped by 38.8% to $138.4 million in 2024, then tumbled by 37.99% to $85.8 million in 2025, then declined 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.
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 | 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 |
| Jun 30, 2021 | 5.65 Mn |