Plug Power (PLUG) Inventory (2010 - 2026)
Plug Power (PLUG) reported 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% on a QoQ basis from $521.0 million in Q4 2025.
Plug Power (PLUG) has 17 years of Inventory data on file, last reported at $516.2 million in Q1 2026.
- Quarterly Inventory fell 25.57% year-over-year to $516.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $516.2 million (down 25.57% YoY) and the FY2025 annual result came in at $521.0 million, down 23.68% from the prior year.
- Inventory declined 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.
- The 5-year median for Inventory is $682.6 million (2024), against an average of $706.1 million.
- The widest annual swing landed in 2022, when Inventory surged 139.87%; it then slumped 37.33% in 2025.
- Tracing PLUG's Inventory over 5 years: stood at $645.6 million in 2022, then jumped by 48.88% to $961.3 million in 2023, then slipped by 28.98% to $682.6 million in 2024, then dropped by 23.68% to $521.0 million in 2025, then retreated by 0.92% to $516.2 million in 2026.
- Per Business Quant, the three latest PLUG Inventory figures stand at $516.2 million (Q1 2026), $521.0 million (Q4 2025), and $555.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 1.83 Bn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 732.53 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 512.00 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 1.14 Bn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 458.70 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 86.30 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 515.20 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 724.69 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 516.15 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 229.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 209.82 Mn |
| Mar 31, 2021 | 187.73 Mn |
| Dec 31, 2020 | 139.39 Mn |
| Sep 30, 2020 | 134.20 Mn |
| Jun 30, 2020 | 114.57 Mn |
| Mar 31, 2020 | 92.97 Mn |
| Dec 31, 2019 | 72.39 Mn |
| Sep 30, 2019 | 80.60 Mn |
| Jun 30, 2019 | 73.19 Mn |
| Mar 31, 2019 | 65.47 Mn |
| Dec 31, 2018 | 47.91 Mn |
| Sep 30, 2018 | 53.43 Mn |
| Jun 30, 2018 | 42.29 Mn |
| Mar 31, 2018 | 47.35 Mn |
| Dec 31, 2017 | 48.78 Mn |
| Sep 30, 2017 | 44.69 Mn |
| Jun 30, 2017 | 42.70 Mn |
| Mar 31, 2017 | 33.73 Mn |
| Dec 31, 2016 | 29.94 Mn |
| Sep 30, 2016 | 35.79 Mn |
| Jun 30, 2016 | 34.93 Mn |
| Mar 31, 2016 | 39.15 Mn |
| Dec 31, 2015 | 32.75 Mn |
| Sep 30, 2015 | 31.51 Mn |
| Jun 30, 2015 | 32.89 Mn |
| Mar 31, 2015 | 32.09 Mn |
| Dec 31, 2014 | 24.74 Mn |
| Sep 30, 2014 | 21.93 Mn |
| Jun 30, 2014 | 19.76 Mn |
| Mar 31, 2014 | 11.94 Mn |
| Dec 31, 2013 | 10.41 Mn |
| Sep 30, 2013 | 9.77 Mn |
| Jun 30, 2013 | 8.60 Mn |
| Mar 31, 2013 | 10.09 Mn |
| Dec 31, 2012 | 8.55 Mn |
| Sep 30, 2012 | 13.01 Mn |
| Jun 30, 2012 | 9.51 Mn |
| Mar 31, 2012 | 8.11 Mn |
| Dec 31, 2011 | 10.35 Mn |
| Sep 30, 2011 | 6.57 Mn |
| Jun 30, 2011 | 7.63 Mn |
| Dec 31, 2010 | 10.54 Mn |