Flagship explainer

What drives PROCTER & GAMBLE Co’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 equity30%Tax burden79%net income ÷ pretax incomeInterest burden103%pretax ÷ operating incomeOperating margin23%operating income ÷ revenueAsset turnover0.69×revenue ÷ average assetsEquity multiplier2.36×average assets ÷ average equityAs of 2026-06-30 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$16.0BFY2026
Income before tax$20.4BFY2026
Operating income$19.7BFY2026
$87.0BFY2026
Ending assets$126.5BFY2026
Beginning assets$125.2BFY2025
$54.3BFY2026
$52.3BFY2025
Source: · event Jun 30, 2026 · retrieved Oct 16, 2026 · annual-row source set
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PG dupont explainer — Buy Like Buffett · Buy Like Buffett