• Danaher average return on tangible equity for 2023 was -72.51, a 66.12% decline from 2022.
• Danaher average return on tangible equity for 2022 was -43.65, a 30.26% increase from 2021.
• Danaher average return on tangible equity for 2021 was -33.51, a 17.79% 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.