Year Ended December 31,

2025

2024

2023

Numerator:

Net (loss) income attributable to Acadia Healthcare
    Company, Inc.

$

(1,102,772

)

$

255,612

$

(21,667

)

Denominator:

Weighted-average shares outstanding for basic
   earnings per share

90,705

91,621

90,949

Effects of dilutive instruments

—

438

—

Shares used in computing diluted earnings per
   common share

90,705

92,059

90,949

(Loss) earnings per share attributable to Acadia
Healthcare Company, Inc. stockholders:

Basic

$

(12.16

)

$

2.79

$

(0.24

)

Diluted

$

(12.16

)

$

2.78

$

(0.24

)