• Archrock average return on tangible equity for 2023 was 9.42, a 118.56% increase from 2022.
• Archrock average return on tangible equity for 2022 was 4.31, a 69.02% increase from 2021.
• Archrock average return on tangible equity for 2021 was 2.55, a 187.93% 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.