• Howmet Aerospace average return on tangible equity for 2023 was -75.11, a 110.51% increase from 2022.
• Howmet Aerospace average return on tangible equity for 2022 was -35.68, a 58.09% increase from 2021.
• Howmet Aerospace average return on tangible equity for 2021 was -22.57, a 76.27% 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.