Flagship explainer

What drives Apple Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity171%Tax burden84%net income ÷ pretax incomeInterest burden100%pretax ÷ operating incomeOperating margin32%operating income ÷ revenueAsset turnover1.15×revenue ÷ average assetsEquity multiplier5.54×average assets ÷ average equityAs of 2025-09-27 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$112.0BFY2025
Income before tax$132.7BFY2025
Operating income$133.1BFY2025
$416.2BFY2025
Ending assets$359.2BFY2025
Beginning assets$365.0BFY2024
$73.7BFY2025
$57.0BFY2024
Source: · event Sep 27, 2025 · retrieved Jul 26, 2026 · annual-row source set
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