• Applied Materials average return on tangible equity for 2024 was 55.68, a 20.57% decline from 2023.
• Applied Materials average return on tangible equity for 2023 was 70.1, a 12.1% decline from 2022.
• Applied Materials average return on tangible equity for 2022 was 79.75, a 23.97% decline from 2021.

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.