Flagship explainer

What drives UNIVERSAL CORPORATION’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 equity2%Tax burden32%net income ÷ pretax incomeInterest burden61%pretax ÷ operating incomeOperating margin6%operating income ÷ revenueAsset turnover1.00×revenue ÷ average assetsEquity multiplier2.00×average assets ÷ average equityAs of 2026-03-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$32.6MFY2026
Income before tax$103MFY2026
Operating income$168MFY2026
$2.9BFY2026
Ending assets$2.8BFY2026
Beginning assets$3.0BFY2025
$1.4BFY2026
$1.5BFY2025
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set
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