• Graco average return on tangible equity for 2024 was 26.91, a 21.13% decline from 2023.
• Graco average return on tangible equity for 2023 was 34.12, a 9.59% decline from 2022.
• Graco average return on tangible equity for 2022 was 37.74, a 22.71% decline 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.