• Avangrid average return on tangible equity for 2023 was 3.8, a 27.48% increase from 2022.
• Avangrid average return on tangible equity for 2022 was 5.24, a 4.8% decline from 2021.
• Avangrid average return on tangible equity for 2021 was 5, a 3.29% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.