Plug Power (PLUG) Inventory (2010 - 2026)
Plug Power (PLUG) posted quarterly Inventory of $516.2 million for Q1 2026, down 25.57% year-over-year from $693.5 million in Q1 2025, and down 0.92% quarter-over-quarter from $521.0 million in Q4 2025.
Plug Power (PLUG) Inventory (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Inventory for 17 consecutive years, with $516.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Inventory fell 25.57% year-over-year to $516.2 million; the TTM figure through Mar 2026 stood at $516.2 million (down 25.57% YoY), while the FY2025 annual figure was $521.0 million, down 23.68% from the prior year.
- Inventory retreated to $516.2 million in Q1 2026 per PLUG's latest filing, from $521.0 million in the prior quarter.
- Across five years, Inventory topped out at $1.0 billion in Q3 2023 and bottomed at $333.4 million in Q1 2022.
- Historically, Inventory has averaged $706.1 million across 5 years, with a median of $682.6 million in 2024.
- Annual changes were most pronounced in 2022 — Inventory jumped 139.87% — and 2025, when it plunged 37.33%.
- Plug Power's Inventory stood at $645.6 million in 2022, then jumped by 48.88% to $961.3 million in 2023, then fell by 28.98% to $682.6 million in 2024, then retreated by 23.68% to $521.0 million in 2025, then dropped by 0.92% to $516.2 million in 2026.
- Business Quant data shows PLUG's Inventory at $516.2 million in Q1 2026, $521.0 million in Q4 2025, and $555.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 2.52 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 758.19 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 522.40 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 1.27 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 538.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 458.30 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 95.37 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 738.65 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 234.74 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 493.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 493.45 Mn |
| Mar 31, 2026 | 516.15 Mn |
| Dec 31, 2025 | 520.97 Mn |
| Sep 30, 2025 | 555.09 Mn |
| Jun 30, 2025 | 643.93 Mn |
| Mar 31, 2025 | 693.47 Mn |
| Dec 31, 2024 | 682.64 Mn |
| Sep 30, 2024 | 885.76 Mn |
| Jun 30, 2024 | 939.53 Mn |
| Mar 31, 2024 | 975.90 Mn |
| Dec 31, 2023 | 961.25 Mn |
| Sep 30, 2023 | 1.02 Bn |
| Jun 30, 2023 | 904.29 Mn |
| Mar 31, 2023 | 775.65 Mn |
| Dec 31, 2022 | 645.64 Mn |
| Sep 30, 2022 | 516.28 Mn |
| Jun 30, 2022 | 429.55 Mn |
| Mar 31, 2022 | 333.38 Mn |
| Dec 31, 2021 | 269.16 Mn |
| Sep 30, 2021 | 229.81 Mn |