• Itron average return on tangible equity for 2023 was 32.27, a 111.53% increase from 2022.
• Itron average return on tangible equity for 2022 was -279.79, a 493.35% decline from 2021.
• Itron average return on tangible equity for 2021 was 71.13, a 1388.08% 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.