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What drives ARTESIAN RESOURCES 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 equity9%Tax burden74%net income ÷ pretax incomeInterest burden110%pretax ÷ operating incomeOperating margin25%operating income ÷ revenueAsset turnover0.14×revenue ÷ average assetsEquity multiplier3.37×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$22.8MFY2025
Income before tax$30.7MFY2025
Operating income$27.8MFY2025
$113MFY2025
Ending assets$851MFY2025
Beginning assets$799MFY2024
$250MFY2025
$239MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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