• General Dynamics average return on tangible equity for 2023 was -133.63, a 71.5% decline from 2022.
• General Dynamics average return on tangible equity for 2022 was -77.92, a 50.66% increase from 2021.
• General Dynamics average return on tangible equity for 2021 was -51.72, a 27.45% increase 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.