• Fortive average return on tangible equity for 2023 was -31.51, a 39.3% increase from 2022.
• Fortive average return on tangible equity for 2022 was -22.62, a 64.02% increase from 2021.
• Fortive average return on tangible equity for 2021 was -62.87, a 225.58% 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.