Flagship explainer

What drives Miami International Holdings, 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 equity−11%Tax burden102%net income ÷ pretax incomeInterest burden−75%pretax ÷ operating incomeOperating margin7%operating income ÷ revenueAsset turnover1.22×revenue ÷ average assetsEquity multiplier1.79×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$70MFY2025
Income before tax−$68.6MFY2025
Operating income$92MFY2025
$1.4BFY2025
Ending assets$1.3BFY2025
Beginning assets$974MFY2024
$881MFY2025
$368MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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MIAX dupont explainer — Buy Like Buffett · Buy Like Buffett