• Hexcel average return on tangible equity for 2023 was 10.7, a 39.69% decline from 2022.
• Hexcel average return on tangible equity for 2022 was 7.66, a 829.52% increase from 2021.
• Hexcel average return on tangible equity for 2021 was -1.05, a 107.77% 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.