• Elbit Systems average return on tangible equity for 2023 was 31.1, a 27.42% decline from 2022.
• Elbit Systems average return on tangible equity for 2022 was 42.85, a 11.87% decline from 2021.
• Elbit Systems average return on tangible equity for 2021 was 48.62, a 23.18% 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.