Flagship explainer

What drives DOUGLAS DYNAMICS, 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 equity17%Tax burden76%net income ÷ pretax incomeInterest burden84%pretax ÷ operating incomeOperating margin11%operating income ÷ revenueAsset turnover1.08×revenue ÷ average assetsEquity multiplier2.23×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$46.9MFY2025
Income before tax$61.5MFY2025
Operating income$73.6MFY2025
$656MFY2025
Ending assets$627MFY2025
Beginning assets$590MFY2024
$281MFY2025
$264MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full DOUGLAS DYNAMICS, INC analysis at Buy Like Buffett

PLOW dupont explainer — Buy Like Buffett · Buy Like Buffett