• Leonardo DRS average return on tangible equity for 2023 was 41.89, a 58.68% decline from 2022.
• Leonardo DRS average return on tangible equity for 2022 was 101.38, a 188.59% decline from 2021.
• Leonardo DRS average return on tangible equity for 2021 was 35.13, a 1376.05% 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.