• Fluor average return on tangible equity for 2023 was -0.47, a 96.98% decline from 2022.
• Fluor average return on tangible equity for 2022 was -15.55, a 45.91% decline from 2021.
• Fluor average return on tangible equity for 2021 was -28.75, a 68.52% 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.