Flagship explainer

What drives UNDER ARMOUR, 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−30%Tax burden247%net income ÷ pretax incomeInterest burden123%pretax ÷ operating incomeOperating margin−3%operating income ÷ revenueAsset turnover1.14×revenue ÷ average assetsEquity multiplier2.64×average assets ÷ average equityAs of 2026-03-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$496MFY2026
Income before tax−$201MFY2026
Operating income−$163MFY2026
$5.0BFY2026
Ending assets$4.4BFY2026
Beginning assets$4.3BFY2025
$1.4BFY2026
$1.9BFY2025
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set
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