• Dillard's average return on tangible equity for 2024 was 36.07, a 25.75% decline from 2023.
• Dillard's average return on tangible equity for 2023 was 48.58, a 21.71% decline from 2022.
• Dillard's average return on tangible equity for 2022 was 62.05, a 98.18% 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.