• Kraft Heinz average return on tangible equity for 2023 was -11.85, a 89.3% decline from 2022.
• Kraft Heinz average return on tangible equity for 2022 was -6.26, a 13.61% increase from 2021.
• Kraft Heinz average return on tangible equity for 2021 was -5.51, a 355.37% 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.