Flagship explainer

What drives KENNAMETAL 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 equity24%Tax burden74%net income ÷ pretax incomeInterest burden98%pretax ÷ operating incomeOperating margin20%operating income ÷ revenueAsset turnover0.83×revenue ÷ average assetsEquity multiplier2.00×average assets ÷ average equityAs of 2026-06-30 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$342MFY2026
Income before tax$461MFY2026
Operating income$473MFY2026
$2.4BFY2026
Ending assets$3.2BFY2026
Beginning assets$2.5BFY2025
$1.6BFY2026
$1.3BFY2025
Source: · event Jun 30, 2026 · retrieved Oct 16, 2026 · annual-row source set
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KMT dupont explainer — Buy Like Buffett · Buy Like Buffett