Flagship explainer

What drives CHEMED 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 equity25%Tax burden75%net income ÷ pretax incomeInterest burden105%pretax ÷ operating incomeOperating margin13%operating income ÷ revenueAsset turnover1.58×revenue ÷ average assetsEquity multiplier1.53×average assets ÷ average equityAs of 2025-12-31 · 3 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$265MFY2025
Income before tax$356MFY2025
Operating income$338MFY2025
$2.5BFY2025
Ending assets$1.5BFY2025
Beginning assets$1.7BFY2024
$979MFY2025
$1.1BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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CHE dupont explainer — Buy Like Buffett · Buy Like Buffett