• W.W Grainger average return on tangible equity for 2023 was 72.03, a 10.38% decline from 2022.
• W.W Grainger average return on tangible equity for 2022 was 80.37, a 25.46% decline from 2021.
• W.W Grainger average return on tangible equity for 2021 was 64.06, a 49.85% 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.