• Dycom Industries average return on tangible equity for 2023 was 35.16, a 75.89% decline from 2022.
• Dycom Industries average return on tangible equity for 2022 was 19.99, a 81.07% increase from 2021.
• Dycom Industries average return on tangible equity for 2021 was 11.04, a 57.71% 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.