Flagship explainer

What drives Academy Sports and Outdoors, 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 equity18%Tax burden78%net income ÷ pretax incomeInterest burden95%pretax ÷ operating incomeOperating margin8%operating income ÷ revenueAsset turnover1.19×revenue ÷ average assetsEquity multiplier2.44×average assets ÷ average equityAs of 2026-01-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$377MFY2026
Income before tax$486MFY2026
Operating income$512MFY2026
$6.1BFY2026
Ending assets$5.3BFY2026
Beginning assets$4.9BFY2025
$2.2BFY2026
$2.0BFY2025
Source: · event Jan 31, 2026 · retrieved Oct 16, 2026 · annual-row source set
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