Flagship explainer

What drives GRAND CANYON EDUCATION, 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 equity28%Tax burden77%net income ÷ pretax incomeInterest burden105%pretax ÷ operating incomeOperating margin24%operating income ÷ revenueAsset turnover1.10×revenue ÷ average assetsEquity multiplier1.31×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$216MFY2025
Income before tax$280MFY2025
Operating income$266MFY2025
$1.1BFY2025
Ending assets$992MFY2025
Beginning assets$1.0BFY2024
$747MFY2025
$784MFY2024
Source: · event Dec 31, 2025 · retrieved Sep 4, 2026 · annual-row source set
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