TopBuild Corp. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Net Income Per Share (Tables)

Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Net Income Per Share

Schedule of basic and diluted income per share


	Years Ended December 31,
	2024			2023			2022
Net income (in thousands)	$	622,602		$	614,254		$	555,989

Weighted average number of common shares outstanding - basic		30,504,064			31,597,508			32,213,839

Dilutive effect of common stock equivalents:
RSAs with service-based conditions		36,609			30,368			15,199
RSAs with market-based conditions		21,020			37,519			59,561
RSAs with performance-based conditions		27,298			25,645			46,601
Stock options		90,669			85,861			105,205

Weighted average number of common shares outstanding - diluted		30,679,660			31,776,901			32,440,405

Basic net income per common share	$	20.41		$	19.44		$	17.26

Diluted net income per common share	$	20.29		$	19.33		$	17.14

Summary of shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive


		Year Ended December 31,
		2024			2023			2022
Anti-dilutive common stock equivalents:
RSAs with service-based conditions			-			-			14,882
RSAs with market-based conditions			3,271			3,876			157
RSAs with performance-based conditions			-			-			9,251
Stock options			-			504			21,006
Total anti-dilutive common stock equivalents			3,271			4,380			45,296