Flagship explainer

What drives ARGAN 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 equity34%Tax burden86%net income ÷ pretax incomeInterest burden119%pretax ÷ operating incomeOperating margin14%operating income ÷ revenueAsset turnover0.93×revenue ÷ average assetsEquity multiplier2.48×average assets ÷ average equityAs of 2026-01-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$138MFY2026
Income before tax$161MFY2026
Operating income$135MFY2026
$945MFY2026
Ending assets$1.2BFY2026
Beginning assets$836MFY2025
$462MFY2026
$352MFY2025
Source: · event Jan 31, 2026 · retrieved Oct 15, 2026 · annual-row source set
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