Flagship explainer

What drives H2O AMERICA’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 equity7%Tax burden89%net income ÷ pretax incomeInterest burden65%pretax ÷ operating incomeOperating margin22%operating income ÷ revenueAsset turnover0.16×revenue ÷ average assetsEquity multiplier3.37×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$103MFY2025
Income before tax$115MFY2025
Operating income$178MFY2025
$806MFY2025
Ending assets$5.1BFY2025
Beginning assets$4.7BFY2024
$1.5BFY2025
$1.4BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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