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| 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 |
| 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 |