• Carpenter Technology average return on tangible equity for 2024 was 15.63, a 110.65% increase from 2023.
• Carpenter Technology average return on tangible equity for 2023 was 7.42, a 253.94% increase from 2022.
• Carpenter Technology average return on tangible equity for 2022 was -4.82, a 75.89% decline from 2021.

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.