• Hologic average return on tangible equity for 2023 was 87.3, a 92.81% increase from 2022.
• Hologic average return on tangible equity for 2022 was 1214.73, a 639.54% decline from 2021.
• Hologic average return on tangible equity for 2021 was -225.14, a 298.27% decline 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.