STEPAN CO Earnings Per Share Disclosure
18. Earnings Per Share
Below is the computation of basic and diluted earnings per share for the years ended December 31, 2025, 2024 and 2023:
(In thousands, except per share amounts) |
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2025 |
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2024 |
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2023 |
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Computation of Basic Earnings per Share |
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Net income attributable to Stepan Company |
|
$ |
46,895 |
|
|
$ |
50,370 |
|
|
$ |
40,204 |
|
Weighted-average number of shares outstanding |
|
|
22,872 |
|
|
|
22,832 |
|
|
|
22,777 |
|
Basic earnings per share |
|
$ |
2.05 |
|
|
$ |
2.21 |
|
|
$ |
1.77 |
|
Computation of Diluted Earnings per Share |
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Net income attributable to Stepan Company |
|
$ |
46,895 |
|
|
$ |
50,370 |
|
|
$ |
40,204 |
|
Weighted-average number of shares outstanding |
|
|
22,872 |
|
|
|
22,832 |
|
|
|
22,777 |
|
Add weighted-average net shares from assumed |
|
|
7 |
|
|
|
32 |
|
|
|
66 |
|
Add weighted-average net shares related to |
|
|
5 |
|
|
|
6 |
|
|
|
3 |
|
Add weighted-average net shares from assumed |
|
|
5 |
|
|
|
37 |
|
|
|
67 |
|
Add weighted-average contingently issuable net |
|
|
1 |
|
|
|
24 |
|
|
|
33 |
|
Weighted-average shares applicable to diluted |
|
|
22,890 |
|
|
|
22,931 |
|
|
|
22,946 |
|
Diluted earnings per share |
|
$ |
2.05 |
|
|
$ |
2.20 |
|
|
$ |
1.75 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 24, 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.