• Coterra Energy average return on tangible equity for 2023 was 21.99, a 26.21% decline from 2022.
• Coterra Energy average return on tangible equity for 2022 was 29.8, a 83.95% decline from 2021.
• Coterra Energy average return on tangible equity for 2021 was 16.2, a 17.05% 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.