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
DateValue
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