Plug Power (PLUG) Inventory Average (2011 - 2026)
Plug Power (PLUG) reported 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 16 years of Inventory Average data on file, last reported at $518.6 million in Q1 2026.
- Inventory Average for Q1 2026 came in at $518.6 million, down 24.63% year-over-year; the trailing twelve-month figure through Mar 2026 was $518.6 million (down 24.63% YoY), and the FY2025 annual result was $601.8 million, down 26.78% from the prior year.
- Inventory Average slipped to $518.6 million in Q1 2026 per PLUG's latest filing, from $538.0 million in the prior quarter.
- Over five years, Inventory Average peaked at $992.7 million in Q4 2023 and troughed at $301.3 million in Q1 2022.
- A 5-year average of $698.8 million and a median of $688.1 million in 2025 frame the typical range for Inventory Average.
- The sharpest annual moves came in 2023 and 2025: Inventory Average jumped 135.88% in 2023, then tumbled 34.31% in 2025.
- A 5-year view of Inventory Average shows it stood at $581.0 million in 2022, then surged by 70.88% to $992.7 million in 2023, then fell by 21.01% to $784.2 million in 2024, then slumped by 31.39% to $538.0 million in 2025, then fell 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | 1.97 Mn |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 1.65 Bn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 687.92 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 491.95 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 1.11 Bn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 434.95 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 85.63 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 18.84 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 516.65 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | 518.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 198.78 Mn |