What is Plug Power's PP&E (net)?

Plug Power (PLUG) reported PP&E (net) of $240.5M in Q1 2026.

How has Plug Power's PP&E (net) changed year-over-year?

Plug Power's PP&E (net) decreased by 72.7% year-over-year, from $879.85M to $240.5M.

What is the long-term trend for Plug Power's PP&E (net)?

Over 5 years (2020 to 2025), Plug Power's PP&E (net) has grown at a 30.4% compound annual growth rate (CAGR), from $74.55M to $281M.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Plug Power PLUG PP&E (Net)

PP&E (Net) at other companies

Generac HoldingsGNRC

$819.62M+15.5%

Franklin ElectricFELE

$252.07M+6.5%

Chart IndustriesGTLS

$917.6M+4.3%

PhiniaPHIN

$854M+1.1%

KBRKBR

$227M-22.8%

Fluence Energy, Inc.FLNC

$41.77M+110%

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$3.78B+140%

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

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:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: Plug Power (PLUG) reported PP&E (net) of $240.5M in Q1 2026.
How has Plug Power's PP&E (net) changed year-over-year?: Plug Power's PP&E (net) decreased by 72.7% year-over-year, from $879.85M to $240.5M.
What is the long-term trend for Plug Power's PP&E (net)?: Over 5 years (2020 to 2025), Plug Power's PP&E (net) has grown at a 30.4% compound annual growth rate (CAGR), from $74.55M to $281M.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.