Plug Power (PLUG) Inventory Average (2011 - 2026)
Plug Power (PLUG) posted quarterly Inventory Average of $518.6 million for Q1 2026, down 24.63% year-over-year from $688.1 million in Q1 2025, and down 3.62% quarter-over-quarter from $538.0 million in Q4 2025.
Plug Power (PLUG) Inventory Average (2011 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Inventory Average for 16 consecutive years, with $518.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Inventory Average fell 24.63% year-over-year to $518.6 million; the TTM figure through Mar 2026 stood at $518.6 million (down 24.63% YoY), while the FY2025 annual figure was $601.8 million, down 26.78% from the prior year.
- Inventory Average fell to $518.6 million in Q1 2026 per PLUG's latest filing, from $538.0 million in the prior quarter.
- Across five years, Inventory Average topped out at $992.7 million in Q4 2023 and bottomed at $301.3 million in Q1 2022.
- Historically, Inventory Average has averaged $698.8 million across 5 years, with a median of $688.1 million in 2025.
- Annual changes were most pronounced in 2023 — Inventory Average jumped 135.88% — and 2025, when it tumbled 34.31%.
- Plug Power's Inventory Average stood at $581.0 million in 2022, then soared by 70.88% to $992.7 million in 2023, then retreated by 21.01% to $784.2 million in 2024, then tumbled by 31.39% to $538.0 million in 2025, then retreated by 3.62% to $518.6 million in 2026.
- Business Quant data shows PLUG's Inventory Average at $518.6 million in Q1 2026, $538.0 million in Q4 2025, and $599.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 2.18 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 745.36 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 517.20 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 1.20 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 498.40 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 486.75 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 90.84 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 731.67 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 231.89 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 504.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 504.80 Mn |
| Mar 31, 2026 | 518.56 Mn |
| Dec 31, 2025 | 538.03 Mn |
| Sep 30, 2025 | 599.51 Mn |
| Jun 30, 2025 | 668.70 Mn |
| Mar 31, 2025 | 688.06 Mn |
| Dec 31, 2024 | 784.20 Mn |
| Sep 30, 2024 | 912.65 Mn |
| Jun 30, 2024 | 957.72 Mn |
| Mar 31, 2024 | 968.58 Mn |
| Dec 31, 2023 | 992.73 Mn |
| Sep 30, 2023 | 964.25 Mn |
| Jun 30, 2023 | 839.97 Mn |
| Mar 31, 2023 | 710.64 Mn |
| Dec 31, 2022 | 580.96 Mn |
| Sep 30, 2022 | 472.91 Mn |
| Jun 30, 2022 | 381.46 Mn |
| Mar 31, 2022 | 301.27 Mn |
| Dec 31, 2021 | 249.49 Mn |
| Sep 30, 2021 | 219.82 Mn |