Flagship explainer

What drives HALOZYME THERAPEUTICS, 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 equity154%Tax burden68%net income ÷ pretax incomeInterest burden100%pretax ÷ operating incomeOperating margin34%operating income ÷ revenueAsset turnover0.61×revenue ÷ average assetsEquity multiplier11.12×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$317MFY2025
Income before tax$467MFY2025
Operating income$469MFY2025
$1.4BFY2025
Ending assets$2.5BFY2025
Beginning assets$2.1BFY2024
$48.8MFY2025
$364MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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HALO dupont explainer — Buy Like Buffett · Buy Like Buffett