• W.W Grainger average return on tangible equity for 2023 was 74.46, a 5.29% decline from 2022.
• W.W Grainger average return on tangible equity for 2022 was 78.62, a 33.39% decline from 2021.
• W.W Grainger average return on tangible equity for 2021 was 58.94, a 24.69% 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.