Flagship explainer

What drives SmartKem, 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 equity−791%Tax burden100%net income ÷ pretax incomeInterest burden82%pretax ÷ operating incomeOperating margin−1841%operating income ÷ revenueAsset turnover0.12×revenue ÷ average assetsEquity multiplier4.21×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$10.5MFY2025
Income before tax−$10.5MFY2025
Operating income−$12.8MFY2025
$697000FY2025
Ending assets$2.3MFY2025
Beginning assets$8.9MFY2024
−$3.9MFY2025
$6.6MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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SMTK dupont explainer — Buy Like Buffett · Buy Like Buffett