• Honeywell average return on tangible equity for 2023 was -170.33, a 20.52% decline from 2022.
• Honeywell average return on tangible equity for 2022 was -214.31, a 16.06% decline from 2021.
• Honeywell average return on tangible equity for 2021 was -255.3, a 58.21% 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.