• Installed Building Products average return on tangible equity for 2023 was 3750.21, a 70.99% decline from 2022.
• Installed Building Products average return on tangible equity for 2022 was 2193.17, a 1024.3% increase from 2021.
• Installed Building Products average return on tangible equity for 2021 was 195.07, a 241.31% 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.