Plug Power (PLUG) Invested Capital (2010 - 2026)
Plug Power (PLUG) posted quarterly Invested Capital of $72.3 million for Q1 2026, up 153.11% quarter-over-quarter from $28.6 million in Q4 2025.
Plug Power (PLUG) Invested Capital (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Invested Capital for 13 consecutive years, with $72.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Invested Capital changed N/A year-over-year to $72.3 million; the TTM figure through Mar 2026 stood at $110.3 million (up 13.76% YoY), while the FY2025 annual figure was $28.6 million, down 69.58% from the prior year.
- Invested Capital grew to $72.3 million in Q1 2026 per PLUG's latest filing, from $28.6 million in the prior quarter.
- Across five years, Invested Capital topped out at $93.9 million in Q4 2024 and bottomed at $513000.0 in Q2 2023.
- Historically, Invested Capital has averaged $16.6 million across 5 years, with a median of $3.6 million in 2022.
- Annual changes were most pronounced in 2022 — Invested Capital sank 96.78% — and 2024, when it surged 3356.74%.
- Plug Power's Invested Capital stood at $5.1 million in 2022, then sank by 47.18% to $2.7 million in 2023, then soared by 3356.74% to $93.9 million in 2024, then tumbled by 69.58% to $28.6 million in 2025, then surged by 153.11% to $72.3 million in 2026.
- Business Quant data shows PLUG's Invested Capital at $72.3 million in Q1 2026, $28.6 million in Q4 2025, and $9.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 2.58 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 568.70 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 13.80 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 135.60 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 28.67 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 59.92 Mn |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 10.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.92 Mn |
| Mar 31, 2026 | 72.29 Mn |
| Dec 31, 2025 | 28.56 Mn |
| Sep 30, 2025 | 9.40 Mn |
| Dec 31, 2024 | 93.89 Mn |
| Jun 30, 2024 | 3.03 Mn |
| Mar 31, 2024 | 2.79 Mn |
| Dec 31, 2023 | 2.72 Mn |
| Sep 30, 2023 | 2.65 Mn |
| Jun 30, 2023 | 513,000.00 |
| Mar 31, 2023 | 5.23 Mn |
| Dec 31, 2022 | 5.14 Mn |
| Sep 30, 2022 | 937,000.00 |
| Jun 30, 2022 | 980,000.00 |
| Mar 31, 2022 | 4.16 Mn |
| Dec 31, 2021 | 15.25 Mn |
| Sep 30, 2021 | 23.49 Mn |
| Jun 30, 2021 | 30.40 Mn |
| Mar 31, 2021 | 21.39 Mn |
| Dec 31, 2020 | 25.39 Mn |