• General Dynamics average return on tangible equity for 2023 was -112.54, a 56.07% decline from 2022.
• General Dynamics average return on tangible equity for 2022 was -72.11, a 46.59% increase from 2021.
• General Dynamics average return on tangible equity for 2021 was -49.19, a 22.64% 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.