Flagship explainer

What drives Maximus, 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 equity18%Tax burden72%net income ÷ pretax incomeInterest burden84%pretax ÷ operating incomeOperating margin10%operating income ÷ revenueAsset turnover1.32×revenue ÷ average assetsEquity multiplier2.33×average assets ÷ average equityAs of 2025-09-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$319MFY2025
Income before tax$445MFY2025
Operating income$528MFY2025
$5.4BFY2025
Ending assets$4.1BFY2025
Beginning assets$4.1BFY2024
$1.7BFY2025
$1.8BFY2024
Source: · event Sep 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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MMS dupont explainer — Buy Like Buffett · Buy Like Buffett