• CoStar average return on tangible equity for 2023 was 8.92, a 14.48% decline from 2022.
• CoStar average return on tangible equity for 2022 was 10.43, a 18.79% decline from 2021.
• CoStar average return on tangible equity for 2021 was 8.78, a 46.88% 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.