Fuel Tech (FTEK) Shares Outstanding (Diluted) (2010 - 2026)
Fuel Tech (FTEK) reported Shares Outstanding (Diluted) of 31.18 million for Q2 2026, up 1.0% from 30.87 million a year earlier and up 0.3% from the prior quarter.
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Analysis
Fuel Tech (FTEK) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, Fuel Tech posted Shares Outstanding (Diluted) of 30.94 million, up 1.2% from FY2024.
- Shares Outstanding (Diluted) has increased for 12 consecutive years, with a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 30.57 million in FY2024 (+0.7%), 30.35 million in FY2023 (+0.2%), 30.29 million in FY2022 (+2.0%) and 29.69 million in FY2021 (+20.3%).
- Five-year quarterly Shares Outstanding (Diluted) spans a low of 29.69 million in Q4 2021 and a high of 31.29 million in Q3 2025.
- Year over year, Shares Outstanding (Diluted) has now increased in each of the last five quarters, with growth averaging 0.9% over the last eight quarters.
- The high point for year-over-year Shares Outstanding (Diluted) in five years was Q3 2021 (growth of 20.8%); the low point was Q1 2025 (a decline of 0.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 31.09 million (Q1 2026), 30.94 million (Q4 2025) and 31.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.03 Bn | 68.81 Bn | 1.95 Bn | 282.20 Mn |
| 2 | Xylem | 23.64 Bn | 19.13 Bn | 963.00 Mn | 236.60 Mn |
| 3 | Veralto | 23.04 Bn | 15.69 Bn | 902.00 Mn | 245.80 Mn |
| 4 | Badger Meter | 3.58 Bn | 2.86 Bn | 90.77 Mn | 29.14 Mn |
| 5 | Ceco Environmental | 3.02 Bn | 2.85 Bn | 86.47 Mn | 43.31 Mn |
| 6 | NWPX Infrastructure | 993.21 Mn | 954.68 Mn | 34.36 Mn | 9.79 Mn |
| 7 | Energy Recovery | 341.34 Mn | 16.50 Mn | 8.96 Mn | 51.46 Mn |
| 8 | Cadiz | 329.91 Mn | 298.36 Mn | -24,000.00 | 34,188.00 |
| 9 | AirJoule Technologies | 286.05 Mn | 165.68 Mn | - | 69.74 Mn |
| 10 | Fuel Tech | 50.57 Mn | -41.36 Mn | 2.68 Mn | 31.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.18 Mn |
| Mar 31, 2026 | 31.09 Mn |
| Dec 31, 2025 | 30.94 Mn |
| Sep 30, 2025 | 31.29 Mn |
| Jun 30, 2025 | 30.87 Mn |
| Mar 31, 2025 | 30.72 Mn |
| Dec 31, 2024 | 30.57 Mn |
| Sep 30, 2024 | 30.85 Mn |
| Jun 30, 2024 | 30.48 Mn |
| Mar 31, 2024 | 30.76 Mn |
| Dec 31, 2023 | 30.35 Mn |
| Sep 30, 2023 | 30.63 Mn |
| Jun 30, 2023 | 30.32 Mn |
| Mar 31, 2023 | 30.30 Mn |
| Dec 31, 2022 | 30.29 Mn |
| Sep 30, 2022 | 30.37 Mn |
| Jun 30, 2022 | 30.30 Mn |
| Mar 31, 2022 | 30.27 Mn |
| Dec 31, 2021 | 29.69 Mn |
| Sep 30, 2021 | 30.34 Mn |
API Access
Fuel Tech Shares Outstanding (Diluted) 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-diluted&ticker=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();