Flagship explainer

What drives ECOLAB 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 equity22%Tax burden81%net income ÷ pretax incomeInterest burden93%pretax ÷ operating incomeOperating margin17%operating income ÷ revenueAsset turnover0.68×revenue ÷ average assetsEquity multiplier2.54×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$2.1BFY2025
Income before tax$2.5BFY2025
Operating income$2.7BFY2025
$16.1BFY2025
Ending assets$24.7BFY2025
Beginning assets$22.4BFY2024
$9.8BFY2025
$8.8BFY2024
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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