• Quest Diagnostics average return on tangible equity for 2023 was -33.98, a 52.44% decline from 2022.
• Quest Diagnostics average return on tangible equity for 2022 was -71.45, a 43.39% decline from 2021.
• Quest Diagnostics average return on tangible equity for 2021 was -126.22, a 139.87% decline 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.