Plug Power (PLUG) Operating Leases (2019 - 2026)
Plug Power (PLUG) reported Operating Leases of $175.3 million for Q1 2026, down 24.13% year-over-year from $231.0 million in Q1 2025, and down 9.98% quarter-over-quarter 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.
- Operating Leases for Q1 2026 came in at $175.3 million, down 24.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $175.3 million (down 24.13% YoY), and the FY2025 annual result was $194.7 million, down 19.59% from the prior year.
- Operating Leases retreated to $175.3 million in Q1 2026 per PLUG's latest filing, from $194.7 million in the prior quarter.
- Over five years, Operating Leases peaked at $295.2 million in Q3 2023 and troughed at $175.3 million in Q1 2026.
- A 5-year average of $242.4 million and a median of $245.7 million in 2022 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2026: Operating Leases soared 79.8% in 2022, then slipped 24.13% in 2026.
- A 5-year view of Operating Leases shows it stood at $271.5 million in 2022, then grew by 7.55% to $292.0 million in 2023, then decreased by 17.07% to $242.1 million in 2024, then slipped by 19.59% to $194.7 million in 2025, then dropped by 9.98% to $175.3 million in 2026.
- Business Quant data shows PLUG's Operating Leases at $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 | Novonix | 479.97 Bn | 479.92 Bn | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 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 |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |