Tri Pointe Homes, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Income available to common stockholders | $ | 241,088 | $ | 458,029 | $ | 343,702 | |||||||||||
| Denominator: | |||||||||||||||||
| Basic weighted-average shares outstanding | 88,172,175 | 93,985,551 | 98,679,477 | ||||||||||||||
| Effect of dilutive shares: | |||||||||||||||||
| Stock options and unvested restricted stock units | 523,656 | 927,038 | 1,016,185 | ||||||||||||||
| Diluted weighted-average shares outstanding | 88,695,831 | 94,912,589 | 99,695,662 | ||||||||||||||
| Earnings per share | |||||||||||||||||
| Basic | $ | 2.73 | $ | 4.87 | $ | 3.48 | |||||||||||
| Diluted | $ | 2.72 | $ | 4.83 | $ | 3.45 | |||||||||||
| Antidilutive stock options not included in diluted earnings per share | 1,936,719 | 1,279,064 | 2,939,126 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 19, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 20, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 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.