Flagship explainer

What drives NOV 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 equity2%Tax burden39%net income ÷ pretax incomeInterest burden76%pretax ÷ operating incomeOperating margin6%operating income ÷ revenueAsset turnover0.77×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
$145MFY2025
Income before tax$375MFY2025
Operating income$494MFY2025
$8.7BFY2025
Ending assets$11.3BFY2025
Beginning assets$11.4BFY2024
$6.3BFY2025
$6.4BFY2024
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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