Flagship explainer

What drives NACCO INDUSTRIES, 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 equity4%Tax burden134%net income ÷ pretax incomeInterest burden60%pretax ÷ operating incomeOperating margin8%operating income ÷ revenueAsset turnover0.43×revenue ÷ average assetsEquity multiplier1.55×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$17.6MFY2025
Income before tax$13.1MFY2025
Operating income$22MFY2025
$277MFY2025
Ending assets$661MFY2025
Beginning assets$632MFY2024
$429MFY2025
$405MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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