Green Brick Partners, Inc. Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Net income attributable to Green Brick Partners, Inc. | $ | 313,225 | $ | 381,583 | $ | 284,626 | |||||||||||
| Cumulative preferred stock dividends | (2,875) | (2,875) | (2,875) | ||||||||||||||
| Net income applicable to common stockholders | 310,350 | 378,708 | 281,751 | ||||||||||||||
Weighted-average number of common shares outstanding - basic | 43,791 | 44,508 | 45,446 | ||||||||||||||
| Basic net income attributable to Green Brick Partners, Inc. per common share | $ | 7.09 | $ | 8.51 | $ | 6.20 | |||||||||||
| Weighted-average number of common shares outstanding - basic | 43,791 | 44,508 | 45,446 | ||||||||||||||
| Dilutive effect of stock options and restricted stock awards | 133 | 331 | 471 | ||||||||||||||
| Weighted-average number of common shares outstanding - diluted | 43,924 | 44,839 | 45,917 | ||||||||||||||
| Diluted net income attributable to Green Brick Partners, Inc. per common share | $ | 7.07 | $ | 8.45 | $ | 6.14 | |||||||||||
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Antidilutive options to purchase common stock and restricted stock awards | (1) | (6) | — | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2018 | Mar 8, 2019 | |
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.