Flagship explainer

What drives APPLIED INDUSTRIAL TECHNOLOGIES, 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 equity22%Tax burden78%net income ÷ pretax incomeInterest burden100%pretax ÷ operating incomeOperating margin11%operating income ÷ revenueAsset turnover1.49×revenue ÷ average assetsEquity multiplier1.73×average assets ÷ average equityAs of 2025-06-30 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$393MFY2025
Income before tax$501MFY2025
Operating income$499MFY2025
$4.6BFY2025
Ending assets$3.2BFY2025
Beginning assets$3.0BFY2024
$1.8BFY2025
$1.7BFY2024
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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