Fuel Tech (FTEK) Shares Outstanding (2009 - 2026)
Fuel Tech (FTEK) reported Weighted Average Shares Outstanding of 31.22 million for Q3 2026, up 0.5% from 31.07 million a year earlier and up 0.1% from the prior quarter.
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Analysis
Fuel Tech (FTEK) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Fuel Tech posted Weighted Average Shares Outstanding of 30.94 million, up 1.2% from FY2024.
- Weighted Average Shares Outstanding has increased for 12 consecutive years, with a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- By year, Weighted Average Shares Outstanding came in at 30.57 million in FY2024 (+0.7%), 30.35 million in FY2023 (+0.2%), 30.29 million in FY2022 (+2.4%) and 29.59 million in FY2021 (+19.8%).
- The Q3 2026 figure ranks as the highest quarterly Weighted Average Shares Outstanding in data going back to Q2 2010.
- Year over year, Weighted Average Shares Outstanding has now increased in each of the last 51 quarters, with growth averaging 1.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Weighted Average Shares Outstanding ran from 0.1% in Q2 2023 to 19.8% in Q4 2021.
- Per Business Quant data, the three quarters before Q3 2026 came in at 31.18 million (Q2 2026), 31.09 million (Q1 2026) and 30.94 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn | 280.40 Mn |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn | 243.80 Mn |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn | 232.72 Mn |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn | 28.75 Mn |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn | 58.55 Mn |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn | 9.63 Mn |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn | 51.03 Mn |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 | 84.15 Mn |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - | 69.74 Mn |
| 10 | Fuel Tech | 42.77 Mn | -41.13 Mn | 3.91 Mn | 31.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.22 Mn |
| Jun 30, 2026 | 31.18 Mn |
| Mar 31, 2026 | 31.09 Mn |
| Dec 31, 2025 | 30.94 Mn |
| Sep 30, 2025 | 31.07 Mn |
| Jun 30, 2025 | 30.87 Mn |
| Mar 31, 2025 | 30.72 Mn |
| Dec 31, 2024 | 30.57 Mn |
| Sep 30, 2024 | 30.71 Mn |
| Jun 30, 2024 | 30.48 Mn |
| Mar 31, 2024 | 30.39 Mn |
| Dec 31, 2023 | 30.35 Mn |
| Sep 30, 2023 | 30.39 Mn |
| Jun 30, 2023 | 30.32 Mn |
| Mar 31, 2023 | 30.30 Mn |
| Dec 31, 2022 | 30.29 Mn |
| Sep 30, 2022 | 30.30 Mn |
| Jun 30, 2022 | 30.30 Mn |
| Mar 31, 2022 | 30.27 Mn |
| Dec 31, 2021 | 29.59 Mn |
API Access
Fuel Tech Shares Outstanding 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=shares-outstanding&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "FTEK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();