Flagship explainer

What drives Firefly Aerospace 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−141%Tax burden89%net income ÷ pretax incomeInterest burden129%pretax ÷ operating incomeOperating margin−163%operating income ÷ revenueAsset turnover0.14×revenue ÷ average assetsEquity multiplier5.29×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$298MFY2025
Income before tax−$335MFY2025
Operating income−$261MFY2025
$160MFY2025
Ending assets$1.8BFY2025
Beginning assets$407MFY2024
$1.2BFY2025
−$768MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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