What is Plug Power's inventory turnover?

Plug Power (PLUG) reported inventory turnover of 1.5× in Q1 2026.

How has Plug Power's inventory turnover changed year-over-year?

Plug Power's inventory turnover increased by 8.5% year-over-year, from 1.4× to 1.5×.

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

Over 5 years (2020 to 2025), Plug Power's inventory turnover has grown at a -14.9% compound annual growth rate (CAGR), from 3.6× to 1.6×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Plug Power PLUG Inventory turnover

Inventory turnover at other companies

Bloom EnergyBE

2.6×+0.6×

Franklin ElectricFELE

2.5×+0.1×

Chart IndustriesGTLS

5.1×0.0×

Fluence Energy, Inc.FLNC

3.1×-0.8×

DoverDOV

3.5×0.0×

WoodwardWWD

4.3×+0.2×

Other financials

Income statement

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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

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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

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Operating cash flow-$150.0M-42.1%

CapEx$2.4M-94.0%

Free cash flow-$152.4M-4.4%

Valuation

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Market cap$3.98B+140%

Enterprise value$4.02B+135%

P/S5.4×+2.8×

Profitability

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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

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Return on equity-128.9%+150pp

Debt / equity0.4×+0.2×

Current ratio2.4×+0.4×

Where this comes from

Calculated from Plug Power’s reported figures.

total cost of revenue/inventories=1.5×

Based on trailing twelve months.

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

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Questions, answered.

What is Plug Power's inventory turnover?: Plug Power (PLUG) reported inventory turnover of 1.5× in Q1 2026.
How has Plug Power's inventory turnover changed year-over-year?: Plug Power's inventory turnover increased by 8.5% year-over-year, from 1.4× to 1.5×.
What is the long-term trend for Plug Power's inventory turnover?: Over 5 years (2020 to 2025), Plug Power's inventory turnover has grown at a -14.9% compound annual growth rate (CAGR), from 3.6× to 1.6×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.