Flagship explainer

What drives PURE CYCLE 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 equity10%Tax burden75%net income ÷ pretax incomeInterest burden228%pretax ÷ operating incomeOperating margin29%operating income ÷ revenueAsset turnover0.17×revenue ÷ average assetsEquity multiplier1.14×average assets ÷ average equityAs of 2025-08-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$13.1MFY2025
Income before tax$17.5MFY2025
Operating income$7.7MFY2025
$26.1MFY2025
Ending assets$162MFY2025
Beginning assets$147MFY2024
$143MFY2025
$130MFY2024
Source: · event Aug 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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