Zeo Energy (ZEO) Shares Outstanding (Diluted) (2021 - 2026)
Zeo Energy (ZEO) recorded Shares Outstanding (Diluted) of 35.84 million in Q2 2026, up 62.2% from 22.1 million a year earlier and up 7.4% from the prior quarter.
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Analysis
Zeo Energy (ZEO) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Zeo Energy reported Shares Outstanding (Diluted) of 24.94 million, up 349.6% from FY2024.
- Annual Shares Outstanding (Diluted) has a four-year compound annual growth rate of 15.1% (FY2021 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 5.55 million in FY2024 (-48.6%), 10.78 million in FY2023 (-60.9%), 27.6 million in FY2022 (+93.9%) and 14.23 million in FY2021.
- The Q2 2026 figure is the highest quarterly Shares Outstanding (Diluted) in data going back to Q4 2021.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased for six consecutive quarters, with growth averaging 226.6% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding (Diluted) in the last five years was growth of 566.4% in Q1 2025, against a decline of 75.5% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 33.38 million (Q1 2026), 24.94 million (Q4 2025) and 27.31 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 82.97 Bn | 81.05 Bn | 1.55 Bn | 152.44 Mn |
| 2 | Ferrovial | 35.66 Bn | 13.90 Bn | - | 718.72 Mn |
| 3 | Emcor | 29.32 Bn | 25.72 Bn | 1.02 Bn | 44.55 Mn |
| 4 | Jacobs Solutions | 17.23 Bn | 11.89 Bn | 810.70 Mn | 118.90 Mn |
| 5 | Mastec | 13.41 Bn | 12.19 Bn | 556.28 Mn | 78.87 Mn |
| 6 | Sterling Infrastructure | 11.44 Bn | 9.77 Bn | 289.96 Mn | 31.14 Mn |
| 7 | IES Holdings | 8.76 Bn | 7.62 Bn | 340.66 Mn | 40.40 Mn |
| 8 | Stantec | 8.31 Bn | 7.23 Bn | 1.36 Bn | 114.07 Mn |
| 9 | Aecom | 7.82 Bn | 2.94 Bn | -34.04 Mn | 128.60 Mn |
| 10 | Zeo Energy | 9.79 Mn | -4.49 Mn | 7.62 Mn | 35.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.84 Mn |
| Mar 31, 2026 | 33.38 Mn |
| Dec 31, 2025 | 24.94 Mn |
| Sep 30, 2025 | 27.31 Mn |
| Jun 30, 2025 | 22.10 Mn |
| Mar 31, 2025 | 13.25 Mn |
| Dec 31, 2024 | 5.55 Mn |
| Sep 30, 2024 | 5.05 Mn |
| Jun 30, 2024 | 5.03 Mn |
| Mar 31, 2024 | 1.99 Mn |
| Dec 31, 2023 | 10.78 Mn |
| Sep 30, 2023 | 9.80 Mn |
| Jun 30, 2023 | 9.80 Mn |
| Mar 31, 2023 | 8.11 Mn |
| Dec 31, 2022 | 27.60 Mn |
| Sep 30, 2022 | 34.50 Mn |
| Jun 30, 2022 | 27.60 Mn |
| Mar 31, 2022 | 6.90 Mn |
| Dec 31, 2021 | 14.23 Mn |
API Access
Zeo Energy 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=ZEO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "ZEO", "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=ZEO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();