• Baker Hughes average return on tangible equity for 2023 was 23.65, a 514.91% increase from 2022.
• Baker Hughes average return on tangible equity for 2022 was -5.7, a 470% decline from 2021.
• Baker Hughes average return on tangible equity for 2021 was -1, a 99.24% 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.