Plug Power (PLUG) Operating Leases (2019 - 2026)

Plug Power's (PLUG) quarterly Operating Leases came in at $175.3 million in Q1 2026, down 24.13% year-on-year from $231.0 million in Q1 2025, and down 9.98% on a QoQ basis from $194.7 million in Q4 2025.

Plug Power (PLUG) Operating Leases (2019 - 2026) Analysis & Trends

Plug Power (PLUG) has 8 years of Operating Leases data on file, last reported at $175.3 million in Q1 2026.

  • On a quarterly basis, Operating Leases fell 24.13% year-over-year to $175.3 million in Q1 2026; TTM through Mar 2026 was $175.3 million, a 24.13% decrease from a year earlier, with the FY2025 full-year figure at $194.7 million, down 19.59% from the prior year.
  • Operating Leases for Q1 2026 stood at $175.3 million, down from $194.7 million in the prior quarter.
  • Over the last five years, Operating Leases for PLUG reached as high as $295.2 million in Q3 2023 and fell as low as $175.3 million in Q1 2026.
  • Historically, Operating Leases has averaged $242.4 million across 5 years, with a median of $245.7 million in 2022.
  • Across the five-year window, Operating Leases jumped 79.8% in 2022 and retreated 24.13% in 2026, its largest moves.
  • Year by year, Operating Leases stood at $271.5 million in 2022, then gained by 7.55% to $292.0 million in 2023, then declined by 17.07% to $242.1 million in 2024, then fell by 19.59% to $194.7 million in 2025, then retreated by 9.98% to $175.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $175.3 million in Q1 2026, $194.7 million in Q4 2025, and $209.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 175.28 Mn
Dec 31, 2025 194.71 Mn
Sep 30, 2025 209.29 Mn
Jun 30, 2025 227.32 Mn
Mar 31, 2025 231.02 Mn
Dec 31, 2024 242.15 Mn
Sep 30, 2024 249.19 Mn
Jun 30, 2024 264.25 Mn
Mar 31, 2024 278.22 Mn
Dec 31, 2023 292.00 Mn
Sep 30, 2023 295.23 Mn
Jun 30, 2023 290.28 Mn
Mar 31, 2023 274.94 Mn
Dec 31, 2022 271.50 Mn
Sep 30, 2022 245.72 Mn
Jun 30, 2022 193.33 Mn
Mar 31, 2022 186.15 Mn
Dec 31, 2021 175.64 Mn
Sep 30, 2021 139.40 Mn
Jun 30, 2021 122.20 Mn