• ChampionX average return on tangible equity for 2023 was 36.09, a 61.19% increase from 2022.
• ChampionX average return on tangible equity for 2022 was 22.39, a 532.49% increase from 2021.
• ChampionX average return on tangible equity for 2021 was 3.54, a 100.62% 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.