• FactSet Research Systems average return on tangible equity for 2023 was -36.59, a 402.61% increase from 2022.
• FactSet Research Systems average return on tangible equity for 2022 was -7.28, a 101.7% increase from 2021.
• FactSet Research Systems average return on tangible equity for 2021 was 428.26, a 72.19% 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.