Flagship explainer

What drives HF SINCLAIR 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 equity6%Tax burden79%net income ÷ pretax incomeInterest burden79%pretax ÷ operating incomeOperating margin3%operating income ÷ revenueAsset turnover1.62×revenue ÷ average assetsEquity multiplier1.80×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$579MFY2025
Income before tax$732MFY2025
Operating income$927MFY2025
$26.9BFY2025
Ending assets$16.5BFY2025
Beginning assets$16.6BFY2024
$9.2BFY2025
$9.3BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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