Flagship explainer

What drives ETSY, 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 equity−18%Tax burden66%net income ÷ pretax incomeInterest burden93%pretax ÷ operating incomeOperating margin9%operating income ÷ revenueAsset turnover1.10×revenue ÷ average assetsEquity multiplier-2.82×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$163MFY2025
Income before tax$247MFY2025
Operating income$266MFY2025
$2.9BFY2025
Ending assets$2.8BFY2025
Beginning assets$2.4BFY2024
−$1.1BFY2025
−$759MFY2024
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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