• Eagle Materials Inc average return on tangible equity for 2023 was 65.76, a 24.95% decline from 2022.
• Eagle Materials Inc average return on tangible equity for 2022 was 52.63, a 36.03% increase from 2021.
• Eagle Materials Inc average return on tangible equity for 2021 was 38.69, a 57.15% 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.