Flagship explainer

What drives American States Water Co’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 equity13%Tax burden77%net income ÷ pretax incomeInterest burden84%pretax ÷ operating incomeOperating margin149%operating income ÷ revenueAsset turnover0.05×revenue ÷ average assetsEquity multiplier2.65×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$130MFY2025
Income before tax$170MFY2025
Operating income$203MFY2025
$137MFY2025
Ending assets$2.7BFY2025
Beginning assets$2.5BFY2024
$1.0BFY2025
$920MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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