Plug Power (PLUG) Operating Leases (2019 - 2026)
Plug Power (PLUG) posted Operating Leases of $158.51 million for Q2 2026, down 30.3% from $227.32 million a year earlier and down 9.6% from the prior quarter.
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Analysis
Plug Power (PLUG) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Plug Power's Operating Leases came in at $194.71 million, down 19.6% from FY2024.
- Annual Operating Leases shows a five-year compound annual growth rate of 14.3% (FY2020 to FY2025).
- In prior years, Plug Power's Operating Leases was $242.15 million in FY2024 (-17.1%), $292 million in FY2023 (+7.5%), $271.5 million in FY2022 (+54.6%) and $175.64 million in FY2021 (+76.3%).
- The Q2 2026 figure stands as the lowest quarterly Operating Leases since Q3 2021.
- On a year-over-year basis, Operating Leases has declined in each of the last nine quarters, with an average decline of 19.2% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q3 2021, with growth of 87.3%; the weakest was Q2 2026, with a decline of 30.3%.
- According to Business Quant data, Operating Leases for the three prior quarters was $175.28 million (Q1 2026), $194.71 million (Q4 2025) and $209.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 158.51 Mn |
| 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 |
API Access
Plug Power Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();