• Boeing average return on tangible equity for 2023 was 12.95, a 42.88% increase from 2022.
• Boeing average return on tangible equity for 2022 was 22.67, a 27.66% decline from 2021.
• Boeing average return on tangible equity for 2021 was 31.34, a 20.12% decline 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.