Flagship explainer

What drives ADOBE 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 equity55%Tax burden82%net income ÷ pretax incomeInterest burden100%pretax ÷ operating incomeOperating margin37%operating income ÷ revenueAsset turnover0.80×revenue ÷ average assetsEquity multiplier2.32×average assets ÷ average equityAs of 2025-11-28 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$7.1BFY2025
Income before tax$8.7BFY2025
Operating income$8.7BFY2025
$23.8BFY2025
Ending assets$29.5BFY2025
Beginning assets$30.2BFY2024
$11.6BFY2025
$14.1BFY2024
Source: · event Nov 28, 2025 · retrieved Oct 23, 2026 · annual-row source set
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