Flagship explainer

What drives FACTSET RESEARCH SYSTEMS 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 equity29%Tax burden83%net income ÷ pretax incomeInterest burden96%pretax ÷ operating incomeOperating margin32%operating income ÷ revenueAsset turnover0.56×revenue ÷ average assetsEquity multiplier2.04×average assets ÷ average equityAs of 2025-08-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$597MFY2025
Income before tax$721MFY2025
Operating income$748MFY2025
$2.3BFY2025
Ending assets$4.3BFY2025
Beginning assets$4.1BFY2024
$2.2BFY2025
$1.9BFY2024
Source: · event Aug 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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