Concentra Group Holdings Parent, Inc.CON

Concentra Group Holdings Parent, Inc. Earnings Per Share Disclosure

10-KFiled Feb 26, 20262 min read
Earnings per Share
As of December 31, 2025 and 2024 the Company’s capital structure consists of common stock and unvested restricted stock. To calculate earnings per share (“EPS”) for the years ended December 31, 2025 and 2024 the Company applied the two-class method because its unvested restricted shares were participating securities.
As of December 31, 2023, the Company’s capital structure included Class A, B, and C units outstanding. To calculate EPS for the year ended December 31, 2023, the Company applied the two-class method because its unvested restricted interests and outstanding options were participating securities.
The following table sets forth the net income attributable to the Company, its shares/units outstanding, and its participating shares/units outstanding:
For the Year Ended December 31,
202520242023
(in thousands)
Net income$172,849 $171,897 $184,743 
Less: net income attributable to non-controlling interests
6,434 5,354 4,796 
Net income attributable to the Company166,415 166,543 179,947 
Less: distributed and undistributed income attributable to participating securities
2,244 211 316 
Distributed and undistributed income attributable to common shares$164,171 $166,332 $179,631 
The following tables set forth the computation of EPS under the two-class method:
For the Year Ended December 31, 2025
Net Income Allocation
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$164,171 126,566 $1.30 
Participating securities2,244 1,730 $1.30 
Total Company$166,415 128,296 $1.30 
For the Year Ended December 31, 2024
Net Income Allocation
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares
$166,332 114,058 $1.46 
Participating securities211 145 $1.46 
Total Company$166,543 114,203 $1.46 
For the Year Ended December 31, 2023
Net Income Allocation
Shares(1)(2)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Outstanding Class A, Class B, and Class C units
$179,631 104,008 $1.73 
Participating securities316 183 $1.73 
Total Company$179,947 104,191 $1.73 
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(1)    Represents the weighted average share/unit count outstanding during the period.
(2)    The recapitalization of members units into common shares has been treated as such for earnings per share purposes and has been reflected retrospectively for all periods, along with the one-for-4.295 reverse stock split, as described in Note 1—“Organization and Significant Accounting Policies”.

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Mar 3, 2025

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.

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