Growth Metrics

Plug Power (PLUG) Invested Capital (2010 - 2026)

Plug Power (PLUG) reported Invested Capital of $846.2 million for Q1 2026, down 59.18% year-over-year from $2.1 billion in Q1 2025, and down 15.94% on a QoQ basis from $1.0 billion in Q4 2025.

Plug Power (PLUG) has 17 years of Invested Capital data on file, last reported at $846.2 million in Q1 2026.

  • Quarterly Invested Capital fell 59.18% year-over-year to $846.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $846.2 million (down 59.18% YoY) and the FY2025 annual result came in at $1.0 billion, down 46.06% from the prior year.
  • Invested Capital eased to $846.2 million in Q1 2026 per PLUG's latest filing, from $1.0 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $4.7 billion in Q1 2022 and bottomed at $846.2 million in Q1 2026.
  • The 5-year median for Invested Capital is $3.1 billion (2024), against an average of $3.0 billion.
  • The widest annual swing landed in 2022, when Invested Capital fell 5.28%; it then plunged 59.18% in 2026.
  • Tracing PLUG's Invested Capital over 5 years: stood at $4.3 billion in 2022, then retreated by 27.3% to $3.1 billion in 2023, then plunged by 39.71% to $1.9 billion in 2024, then sank by 46.06% to $1.0 billion in 2025, then fell by 15.94% to $846.2 million in 2026.
  • Per Business Quant, the three latest PLUG Invested Capital figures stand at $846.2 million (Q1 2026), $1.0 billion (Q4 2025), and $1.5 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 7.17 Bn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 921.47 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 5.35 Bn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 4.32 Bn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 1.95 Bn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 709.07 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 3.04 Bn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 1.91 Bn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 846.18 Mn
10 Hayward Holdings 3.01 Bn 2.78 Bn 118.70 Mn 1.62 Bn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 846.18 Mn
Dec 31, 2025 1.01 Bn
Sep 30, 2025 1.55 Bn
Jun 30, 2025 1.86 Bn
Mar 31, 2025 2.07 Bn
Dec 31, 2024 1.87 Bn
Sep 30, 2024 3.03 Bn
Jun 30, 2024 2.99 Bn
Mar 31, 2024 3.07 Bn
Dec 31, 2023 3.10 Bn
Sep 30, 2023 3.51 Bn
Jun 30, 2023 3.74 Bn
Mar 31, 2023 3.93 Bn
Dec 31, 2022 4.26 Bn
Sep 30, 2022 4.42 Bn
Jun 30, 2022 4.54 Bn
Mar 31, 2022 4.67 Bn
Dec 31, 2021 4.80 Bn
Sep 30, 2021 4.72 Bn
Jun 30, 2021 4.85 Bn
Mar 31, 2021 4.93 Bn
Dec 31, 2020 1.50 Bn
Sep 30, 2020 771.27 Mn
Jun 30, 2020 375.76 Mn
Mar 31, 2020 211.89 Mn
Dec 31, 2019 229.90 Mn
Sep 30, 2019 20.78 Mn
Jun 30, 2019 84.21 Mn
Mar 31, 2019 92.93 Mn
Dec 31, 2018 13.61 Mn
Sep 30, 2018 114.41 Mn
Jun 30, 2018 126.13 Mn
Mar 31, 2018 149.49 Mn
Dec 31, 2017 103.03 Mn
Sep 30, 2017 127.55 Mn
Jun 30, 2017 122.07 Mn
Mar 31, 2017 85.71 Mn
Dec 31, 2016 -1.15 Bn
Sep 30, 2016 93.62 Mn
Jun 30, 2016 104.80 Mn
Mar 31, 2016 139.99 Mn
Dec 31, 2015 124.74 Mn
Sep 30, 2015 148.65 Mn
Jun 30, 2015 141.57 Mn
Mar 31, 2015 149.06 Mn
Dec 31, 2014 158.28 Mn
Sep 30, 2014 163.84 Mn
Jun 30, 2014 170.88 Mn
Mar 31, 2014 45.97 Mn
Dec 31, 2013 -17.87 Mn
Sep 30, 2013 2.22 Mn
Jun 30, 2013 6.96 Mn
Mar 31, 2013 7.71 Mn
Dec 31, 2012 18.41 Mn
Sep 30, 2012 23.04 Mn
Jun 30, 2012 32.77 Mn
Mar 31, 2012 38.83 Mn
Dec 31, 2011 29.04 Mn
Sep 30, 2011 35.73 Mn
Jun 30, 2011 41.25 Mn
Dec 31, 2010 42.92 Mn