Flagship explainer

What drives Vertex, 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 equity3%Tax burden95%net income ÷ pretax incomeInterest burden325%pretax ÷ operating incomeOperating margin0%operating income ÷ revenueAsset turnover0.61×revenue ÷ average assetsEquity multiplier5.56×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$7.2MFY2025
Income before tax$7.6MFY2025
Operating income$2.3MFY2025
$748MFY2025
Ending assets$1.3BFY2025
Beginning assets$1.2BFY2024
$259MFY2025
$179MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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VERX dupont explainer — Buy Like Buffett · Buy Like Buffett