• FirstEnergy average return on tangible equity for 2023 was 11.82, a 62.59% increase from 2022.
• FirstEnergy average return on tangible equity for 2022 was 31.6, a 53.3% decline from 2021.
• FirstEnergy average return on tangible equity for 2021 was 67.66, a 24.74% 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.