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
DateValue
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