Flagship explainer

What drives COUPANG, 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 equity5%Tax burden35%net income ÷ pretax incomeInterest burden126%pretax ÷ operating incomeOperating margin1%operating income ÷ revenueAsset turnover2.08×revenue ÷ average assetsEquity multiplier3.80×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$208MFY2025
Income before tax$597MFY2025
Operating income$473MFY2025
$34.5BFY2025
Ending assets$17.8BFY2025
Beginning assets$15.3BFY2024
$4.6BFY2025
$4.1BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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