Flagship explainer

What drives FRIEDMAN INDUSTRIES 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 equity5%Tax burden79%net income ÷ pretax incomeInterest burden253%pretax ÷ operating incomeOperating margin1%operating income ÷ revenueAsset turnover1.95×revenue ÷ average assetsEquity multiplier1.76×average assets ÷ average equityAs of 2025-03-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$6.1MFY2025
Income before tax$7.7MFY2025
Operating income$3MFY2025
$445MFY2025
Ending assets$227MFY2025
Beginning assets$230MFY2024
$132MFY2025
$127MFY2024
Source: · event Mar 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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FRD dupont explainer — Buy Like Buffett · Buy Like Buffett