• Fortune Brands Innovations average return on tangible equity for 2023 was -60.28, a 53.58% decline from 2022.
• Fortune Brands Innovations average return on tangible equity for 2022 was -129.86, a 32.93% decline from 2021.
• Fortune Brands Innovations average return on tangible equity for 2021 was -97.69, a 64.41% 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.