Plug Power (PLUG) Inventory Average (2011 - 2026)

Plug Power's (PLUG) quarterly Inventory Average came in at $518.6 million in Q1 2026, down 24.63% year-on-year from $688.1 million in Q1 2025, and down 3.62% on a QoQ basis 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.

  • On a quarterly basis, Inventory Average fell 24.63% year-over-year to $518.6 million in Q1 2026; TTM through Mar 2026 was $518.6 million, a 24.63% decrease from a year earlier, with the FY2025 full-year figure at $601.8 million, down 26.78% from the prior year.
  • Inventory Average for Q1 2026 stood at $518.6 million, down from $538.0 million in the prior quarter.
  • Over the last five years, Inventory Average for PLUG reached as high as $992.7 million in Q4 2023 and fell as low as $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.
  • Across the five-year window, Inventory Average surged 135.88% in 2023 and sank 34.31% in 2025, its largest moves.
  • Year by year, Inventory Average stood at $581.0 million in 2022, then surged by 70.88% to $992.7 million in 2023, then slipped by 21.01% to $784.2 million in 2024, then tumbled by 31.39% to $538.0 million in 2025, then slipped by 3.62% to $518.6 million in 2026.
  • Per Business Quant data, the three most recent Inventory Average figures were $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 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 14.39 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 1.65 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 687.92 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 1.11 Bn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 491.95 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 434.95 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 486.75 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 85.63 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 760.03 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn 518.56 Mn

Historic Data

Download Data
DateValue
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