Flagship explainer

What drives UNIVERSAL DISPLAY CORPORATION’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 burden82%net income ÷ pretax incomeInterest burden119%pretax ÷ operating incomeOperating margin38%operating income ÷ revenueAsset turnover0.34×revenue ÷ average assetsEquity multiplier1.12×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$242MFY2025
Income before tax$295MFY2025
Operating income$249MFY2025
$651MFY2025
Ending assets$2.0BFY2025
Beginning assets$1.8BFY2024
$1.8BFY2025
$1.6BFY2024
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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