• Encompass Health average return on tangible equity for 2023 was 118.69, a 178.64% decline from 2022.
• Encompass Health average return on tangible equity for 2022 was -150.93, a 91.75% decline from 2021.
• Encompass Health average return on tangible equity for 2021 was -78.71, a 162.02% 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.