Flagship explainer

What drives HIMS & HERS HEALTH, 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 equity25%Tax burden104%net income ÷ pretax incomeInterest burden117%pretax ÷ operating incomeOperating margin4%operating income ÷ revenueAsset turnover1.64×revenue ÷ average assetsEquity multiplier2.81×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$128MFY2025
Income before tax$124MFY2025
Operating income$106MFY2025
$2.3BFY2025
Ending assets$2.2BFY2025
Beginning assets$708MFY2024
$541MFY2025
$477MFY2024
Source: · event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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HIMS dupont explainer — Buy Like Buffett · Buy Like Buffett