• Flowserve average return on tangible equity for 2023 was 40.19, a 59.17% decline from 2022.
• Flowserve average return on tangible equity for 2022 was 25.25, a 35.52% increase from 2021.
• Flowserve average return on tangible equity for 2021 was 39.16, a 6.83% 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.