v3.25.4
Earnings per share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings per share Earnings per share
Basic EPS is calculated by dividing net income (loss) by the weighted average number of our ordinary shares outstanding, which excludes 4,135,620, 5,072,382 and 4,561,249 shares of unvested restricted stock as of December 31, 2025, 2024 and 2023, respectively. In general, for the calculation of diluted EPS, the weighted average of our ordinary shares outstanding for basic EPS is adjusted by the effect of dilutive securities provided under our equity compensation plans. The number of shares excluded from diluted shares outstanding was 139,781, 161,020 and 372,250 for the years ended December 31, 2025, 2024 and 2023, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.
The computations of basic and diluted EPS for the years ended December 31, 2025, 2024 and 2023 were as follows:
Year Ended December 31,
202520242023
Net income for the computation of basic EPS$3,750,612 $2,098,632 $3,136,091 
Weighted average ordinary shares outstanding—basic
172,180,968 189,830,813 224,216,801 
Basic EPS
$21.78 $11.06 $13.99 
Year Ended December 31,
202520242023
Net income for the computation of diluted EPS$3,750,612 $2,098,632 $3,136,091 
Weighted average ordinary shares outstanding—diluted
176,115,641 194,489,171 227,656,343 
Diluted EPS
$21.30 $10.79 $13.78 
The computations of ordinary shares outstanding, excluding shares of unvested restricted stock, as of December 31, 2025, 2024 and 2023 were as follows:
As of December 31,
202520242023
Number of ordinary shares
Ordinary shares issued179,043,739 204,543,739 215,543,739 
Treasury shares(12,167,192)(17,760,514)(13,050,571)
Ordinary shares outstanding166,876,547 186,783,225 202,493,168 
Shares of unvested restricted stock(4,135,620)(5,072,382)(4,561,249)
Ordinary shares outstanding, excluding shares of unvested restricted
stock
162,740,927 181,710,843 197,931,919