Revenue per share

Revenue per share divides a company's total revenue by its number of shares outstanding, turning top-line size into a number that can be compared directly against the share price or tracked on its own over time.

The formula is: Revenue / Shares outstanding.

It combines two things that can move independently: how much the underlying business is actually growing, and how the share count itself is changing through buybacks or dilution. A company that grows revenue steadily while also shrinking its share count sees revenue per share rise faster than revenue alone, since the same growing pie is being divided among fewer slices.