• TopBuild average return on tangible equity for 2023 was -132.32, a 115.33% increase from 2022.
• TopBuild average return on tangible equity for 2022 was -61.45, a 41.78% increase from 2021.
• TopBuild average return on tangible equity for 2021 was -105.55, a 68.83% 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.