• Consolidated Edison Inc average return on tangible equity for 2023 was 12.16, a 41.56% decline from 2022.
• Consolidated Edison Inc average return on tangible equity for 2022 was 8.59, a 26.7% increase from 2021.
• Consolidated Edison Inc average return on tangible equity for 2021 was 6.78, a 12.4% 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.