Flagship explainer

What drives Travel & Leisure 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 equity−25%Tax burden68%net income ÷ pretax incomeInterest burden61%pretax ÷ operating incomeOperating margin14%operating income ÷ revenueAsset turnover0.60×revenue ÷ average assetsEquity multiplier-7.25×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$230MFY2025
Income before tax$337MFY2025
Operating income$553MFY2025
$4.0BFY2025
Ending assets$6.8BFY2025
Beginning assets$6.7BFY2024
−$981MFY2025
−$881MFY2024
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
Embed this chart

View the full Travel & Leisure Co. analysis at Buy Like Buffett