Flagship explainer

What drives APPIAN CORPORATION’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 equity−3%Tax burden19%net income ÷ pretax incomeInterest burden1058%pretax ÷ operating incomeOperating margin0%operating income ÷ revenueAsset turnover1.11×revenue ÷ average assetsEquity multiplier-16.48×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$1.2MFY2025
Income before tax$6.4MFY2025
Operating income$609000FY2025
$727MFY2025
Ending assets$691MFY2025
Beginning assets$621MFY2024
−$47MFY2025
−$32.6MFY2024
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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APPN dupont explainer — Buy Like Buffett · Buy Like Buffett