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| Date | Value |
|---|---|
| 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 |