Flagship explainer

What drives HORMEL FOODS CORPORATION’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 equity6%Tax burden72%net income ÷ pretax incomeInterest burden92%pretax ÷ operating incomeOperating margin6%operating income ÷ revenueAsset turnover0.90×revenue ÷ average assetsEquity multiplier1.69×average assets ÷ average equityAs of 2025-10-26 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$478MFY2025
Income before tax$663MFY2025
Operating income$719MFY2025
$12.1BFY2025
Ending assets$13.4BFY2025
Beginning assets$13.4BFY2024
$7.9BFY2025
$8.0BFY2024
Source: · event Oct 26, 2025 · retrieved Oct 16, 2026 · annual-row source set
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