Flagship explainer

What drives ARMSTRONG WORLD INDUSTRIES, 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 equity37%Tax burden77%net income ÷ pretax incomeInterest burden93%pretax ÷ operating incomeOperating margin27%operating income ÷ revenueAsset turnover0.86×revenue ÷ average assetsEquity multiplier2.27×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$309MFY2025
Income before tax$400MFY2025
Operating income$431MFY2025
$1.6BFY2025
Ending assets$1.9BFY2025
Beginning assets$1.8BFY2024
$901MFY2025
$757MFY2024
Source: · event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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