Flagship explainer

What drives Macy's, 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 equity14%Tax burden76%net income ÷ pretax incomeInterest burden82%pretax ÷ operating incomeOperating margin5%operating income ÷ revenueAsset turnover1.33×revenue ÷ average assetsEquity multiplier3.47×average assets ÷ average equityAs of 2026-01-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$642MFY2026
Income before tax$849MFY2026
Operating income$1.0BFY2026
$21.8BFY2026
Ending assets$16.2BFY2026
Beginning assets$16.4BFY2025
$4.9BFY2026
$4.6BFY2025
Source: · event Jan 31, 2026 · retrieved Oct 15, 2026 · annual-row source set
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