Flagship explainer

What drives FIGS, 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 equity8%Tax burden73%net income ÷ pretax incomeInterest burden124%pretax ÷ operating incomeOperating margin6%operating income ÷ revenueAsset turnover1.16×revenue ÷ average assetsEquity multiplier1.34×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$34.3MFY2025
Income before tax$47.2MFY2025
Operating income$38.1MFY2025
$631MFY2025
Ending assets$580MFY2025
Beginning assets$510MFY2024
$437MFY2025
$377MFY2024
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
Embed this chart

View the full FIGS, Inc. analysis at Buy Like Buffett