• Eastman Chemical average return on tangible equity for 2023 was 149.4, a 8.01% decline from 2022.
• Eastman Chemical average return on tangible equity for 2022 was 138.32, a 355.96% increase from 2021.
• Eastman Chemical average return on tangible equity for 2021 was -54.04, a 77.59% decline 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.