ENSIGN GROUP, INC Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| NUMERATOR: | |||||||||||||||||
| Net income | $ | 344,264 | $ | 298,458 | $ | 209,850 | |||||||||||
| Less: net income attributable to noncontrolling interests | 293 | 485 | 451 | ||||||||||||||
| Net income attributable to The Ensign Group, Inc. | $ | 343,971 | $ | 297,973 | $ | 209,399 | |||||||||||
| DENOMINATOR: | |||||||||||||||||
Weighted average shares outstanding | 57,306 | 56,655 | 55,708 | ||||||||||||||
| Basic net income per common share: | $ | 6.00 | $ | 5.26 | $ | 3.76 | |||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| NUMERATOR: | |||||||||||||||||
| Net income | $ | 344,264 | $ | 298,458 | $ | 209,850 | |||||||||||
| Less: net income attributable to noncontrolling interests | 293 | 485 | 451 | ||||||||||||||
| Net income attributable to The Ensign Group, Inc. | $ | 343,971 | $ | 297,973 | $ | 209,399 | |||||||||||
| DENOMINATOR: | |||||||||||||||||
| Weighted average common shares outstanding | 57,306 | 56,655 | 55,708 | ||||||||||||||
Plus: incremental shares from assumed conversion (1) | 1,567 | 1,585 | 1,615 | ||||||||||||||
| Adjusted weighted average common shares outstanding | 58,873 | 58,240 | 57,323 | ||||||||||||||
| Diluted net income per common share: | $ | 5.84 | $ | 5.12 | $ | 3.65 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 4, 2026 | Showing above |
| 2024 | Feb 5, 2025 | |
| 2022 | Feb 2, 2023 | |
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.