What is Plug Power's inventories?

Plug Power (PLUG) reported inventories of $516.15M in Q1 2026.

How has Plug Power's inventories changed year-over-year?

Plug Power's inventories decreased by 25.6% year-over-year, from $693.47M to $516.15M.

What is the long-term trend for Plug Power's inventories?

Over 5 years (2020 to 2025), Plug Power's inventories has grown at a 30.2% compound annual growth rate (CAGR), from $139.39M to $520.97M.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Plug Power PLUG Inventories

Inventories at other companies

Bloom EnergyBE

$732.53M+19.6%

Helios TechnologiesHLIO

$190.9M+0.6%

Generac HoldingsGNRC

$1.25B+14.3%

Franklin ElectricFELE

$583.21M+4.1%

Chart IndustriesGTLS

$587.5M+16.2%

Fluence Energy, Inc.FLNC

$764.16M+6.0%

Other financials

Income statement

See full

Revenue$163.5M+22.3%

Gross profit-$21.6M+70.7%

Operating income-$109.5M+38.6%

Net income-$245.3M-24.7%

EPS (diluted)-$0.18+14.3%

Balance sheet

See full

Cash & equivalents$223.2M-24.6%

Total debt$263.3M-22.5%

Total equity$749.8M-59.6%

Total assets$2.4B-34.8%

Cash flow

See full

Operating cash flow-$150.0M-42.1%

CapEx$2.4M-94.0%

Free cash flow-$152.4M-4.4%

Valuation

See full

Market cap$3.78B+140%

Profitability

See full

Gross margin-26.4%-10.7pp

Operating margin-189%-51.4pp

Net margin-227.1%-48.7pp

FCF margin-88.3%-23.9pp

Returns & leverage

See full

Return on equity-128.9%+150pp

Debt / equity0.4×+0.2×

Current ratio2.4×+0.4×

Where this comes from

Reported directly by Plug Power in its filing.

Tagged under the XBRL concept us-gaap:InventoryNet.

The official record: Plug Power’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

Ask your AI about Plug Power's inventories.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Plug Power's inventories?: Plug Power (PLUG) reported inventories of $516.15M in Q1 2026.
How has Plug Power's inventories changed year-over-year?: Plug Power's inventories decreased by 25.6% year-over-year, from $693.47M to $516.15M.
What is the long-term trend for Plug Power's inventories?: Over 5 years (2020 to 2025), Plug Power's inventories has grown at a 30.2% compound annual growth rate (CAGR), from $139.39M to $520.97M.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.