• Anheuser-Busch average return on tangible equity for 2023 was -18.42, a 43.35% decline from 2022.
• Anheuser-Busch average return on tangible equity for 2022 was -12.85, a 7.35% increase from 2021.
• Anheuser-Busch average return on tangible equity for 2021 was -11.97, a 315.63% 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.