Growth Metrics

Plug Power (PLUG) Leases (2012 - 2026)

Plug Power (PLUG) reported Leases of $170.2 million for Q1 2026, up 235.55% year-over-year from $50.7 million in Q1 2025, and down 6.59% on a QoQ basis from $182.2 million in Q4 2025.

Plug Power (PLUG) has 14 years of Leases data on file, last reported at $170.2 million in Q1 2026.

  • Quarterly Leases rose 235.55% year-over-year to $170.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $170.2 million (up 235.55% YoY) and the FY2025 annual result came in at $182.2 million, up 251.75% from the prior year.
  • Leases eased to $170.2 million in Q1 2026 per PLUG's latest filing, from $182.2 million in the prior quarter.
  • Across five years, Leases topped out at $404.6 million in Q3 2023 and bottomed at $40.1 million in Q1 2022.
  • The 5-year median for Leases is $57.3 million (2023), against an average of $125.8 million.
  • The widest annual swing landed in 2023, when Leases surged 664.83%; it then slumped 86.97% in 2025.
  • Tracing PLUG's Leases over 5 years: stood at $53.7 million in 2022, then climbed by 6.7% to $57.3 million in 2023, then decreased by 9.6% to $51.8 million in 2024, then surged by 251.75% to $182.2 million in 2025, then slipped by 6.59% to $170.2 million in 2026.
  • Per Business Quant, the three latest PLUG Leases figures stand at $170.2 million (Q1 2026), $182.2 million (Q4 2025), and $191.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Leases (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 330.80 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 109.40 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 132.80 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn -
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 102.00 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 1.96 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 101.90 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 70.66 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 170.19 Mn
10 Hayward Holdings 3.01 Bn 2.78 Bn 118.70 Mn 4.26 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 170.19 Mn
Dec 31, 2025 182.21 Mn
Sep 30, 2025 191.52 Mn
Jun 30, 2025 215.31 Mn
Mar 31, 2025 50.72 Mn
Dec 31, 2024 51.80 Mn
Sep 30, 2024 52.90 Mn
Jun 30, 2024 54.74 Mn
Mar 31, 2024 389.20 Mn
Dec 31, 2023 57.30 Mn
Sep 30, 2023 404.60 Mn
Jun 30, 2023 62.70 Mn
Mar 31, 2023 62.40 Mn
Dec 31, 2022 53.70 Mn
Sep 30, 2022 52.90 Mn
Jun 30, 2022 47.10 Mn
Mar 31, 2022 40.07 Mn
Dec 31, 2021 32.50 Mn
Sep 30, 2021 22.04 Mn
Jun 30, 2021 16.93 Mn
Mar 31, 2021 11.27 Mn
Dec 31, 2020 5.72 Mn
Sep 30, 2020 90.18 Mn
Jun 30, 2020 71.79 Mn
Mar 31, 2020 64.81 Mn
Dec 31, 2019 63.27 Mn
Sep 30, 2019 1.72 Mn
Jun 30, 2019 39.68 Mn
Mar 31, 2019 1.73 Mn
Dec 31, 2018 146.75 Mn
Sep 30, 2018 130.02 Mn
Jun 30, 2018 95.62 Mn
Mar 31, 2018 88.17 Mn
Dec 31, 2017 87.07 Mn
Sep 30, 2017 75.34 Mn
Jun 30, 2017 70.29 Mn
Mar 31, 2017 61.86 Mn
Dec 31, 2016 54.06 Mn
Sep 30, 2016 42.62 Mn
Jun 30, 2016 27.25 Mn
Mar 31, 2016 13.24 Mn
Dec 31, 2015 1.67 Mn
Dec 31, 2013 2.45 Mn
Jun 30, 2013 2.71 Mn
Mar 31, 2013 2.84 Mn
Dec 31, 2012 2.97 Mn