• Ingersoll Rand average return on tangible equity for 2023 was -127.57, a 28.91% decline from 2022.
• Ingersoll Rand average return on tangible equity for 2022 was -98.96, a 166.02% increase from 2021.
• Ingersoll Rand average return on tangible equity for 2021 was -37.2, a 1197.35% 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.