EARNINGS PER SHARE
Basic net income per share is calculated by dividing net income attributable to Aptar by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by dividing the net income attributable to Aptar by the weighted-average number of common and common equivalent shares outstanding during the applicable period. The difference between basic and diluted earnings per share is attributable to stock-based compensation awards. Stock-based compensation awards for which total employee proceeds exceed the average market price over the applicable period would have an antidilutive effect on earnings per share, and accordingly, are excluded from the calculation of diluted earnings per share. The reconciliation of basic and diluted earnings per share (“EPS”) for the years ended December 31, 2025, 2024 and 2023 are as follows:
Income
(Numerator)
Shares
(Denominator)
Per Share
Amount
For the Year Ended December 31, 2025
Basic EPS
Income available to common stockholders$392,789 65,740 $5.97 
Effect of Dilutive Securities
Stock options497 
Restricted stock488 
Diluted EPS
Income available to common stockholders$392,789 66,725 $5.89 
For the Year Ended December 31, 2024
Basic EPS
Income available to common stockholders$374,541 66,334 $5.65 
Effect of Dilutive Securities
Stock options765 
Restricted stock592 
Diluted EPS
Income available to common stockholders$374,541 67,691 $5.53 
For the Year Ended December 31, 2023
Basic EPS
Income available to common stockholders$284,487 65,616 $4.34 
Effect of Dilutive Securities
Stock options874 
Restricted stock415 
Diluted EPS
Income available to common stockholders$284,487 66,905 $4.25 

Historical Timeline

Fiscal YearFiled
2025Feb 6, 2026Showing above
2024Feb 7, 2025
2023Feb 9, 2024
2022Feb 17, 2023
2021Feb 18, 2022
2020Feb 19, 2021
2019Feb 24, 2020
2018Feb 21, 2019
2017Feb 26, 2018
2016Feb 27, 2017
2015Feb 25, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.