Plug Power (PLUG) Inventory (2010 - 2026)
Plug Power's (PLUG) quarterly Inventory came in at $516.2 million in Q1 2026, down 25.57% year-on-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) Inventory (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Inventory data on file, last reported at $516.2 million in Q1 2026.
- On a quarterly basis, Inventory fell 25.57% year-over-year to $516.2 million in Q1 2026; TTM through Mar 2026 was $516.2 million, a 25.57% decrease from a year earlier, with the FY2025 full-year figure at $521.0 million, down 23.68% from the prior year.
- Inventory for Q1 2026 stood at $516.2 million, down from $521.0 million in the prior quarter.
- Over the last five years, Inventory for PLUG reached as high as $1.0 billion in Q3 2023 and fell as low as $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.
- Across the five-year window, Inventory surged 139.87% in 2022 and slumped 37.33% in 2025, its largest moves.
- Year by year, Inventory stood at $645.6 million in 2022, then soared by 48.88% to $961.3 million in 2023, then decreased by 28.98% to $682.6 million in 2024, then slipped by 23.68% to $521.0 million in 2025, then fell by 0.92% to $516.2 million in 2026.
- Per Business Quant data, the three most recent Inventory figures were $516.2 million in Q1 2026, $521.0 million in Q4 2025, and $555.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 15.01 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 1.83 Bn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 732.53 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 1.14 Bn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 512.00 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 458.70 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 458.30 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 86.30 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 724.69 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | 516.15 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 |