• Fortive average return on tangible equity for 2024 was -30.75, a 2.41% decline from 2023.
• Fortive average return on tangible equity for 2023 was -31.51, a 39.3% decline from 2022.
• Fortive average return on tangible equity for 2022 was -22.62, a 64.02% increase from 2021.

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.