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% quarter-over-quarter from $1.0 billion in Q4 2025.

Plug Power (PLUG) Invested Capital (2010 - 2026) Analysis & Trends

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

  • Invested Capital for Q1 2026 came in at $846.2 million, down 59.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $846.2 million (down 59.18% YoY), and the FY2025 annual result was $1.0 billion, down 46.06% from the prior year.
  • Invested Capital slipped to $846.2 million in Q1 2026 per PLUG's latest filing, from $1.0 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $4.7 billion in Q1 2022 and troughed at $846.2 million in Q1 2026.
  • A 5-year average of $3.0 billion and a median of $3.1 billion in 2024 frame the typical range for Invested Capital.
  • The sharpest annual moves came in 2022 and 2026: Invested Capital decreased 5.28% in 2022, then slumped 59.18% in 2026.
  • A 5-year view of Invested Capital shows it stood at $4.3 billion in 2022, then slipped by 27.3% to $3.1 billion in 2023, then slumped by 39.71% to $1.9 billion in 2024, then tumbled by 46.06% to $1.0 billion in 2025, then decreased by 15.94% to $846.2 million in 2026.
  • Business Quant data shows PLUG's Invested Capital at $846.2 million in Q1 2026, $1.0 billion in Q4 2025, and $1.5 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 141.20 Mn
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 7.17 Bn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 921.47 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 5.35 Bn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 4.32 Bn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 1.95 Bn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 709.07 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 3.04 Bn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn 846.18 Mn

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