• Knight-Swift Transportation Holdings average return on tangible equity for 2023 was 27.7, a 56.91% decline from 2022.
• Knight-Swift Transportation Holdings average return on tangible equity for 2022 was 64.29, a 59.89% decline from 2021.
• Knight-Swift Transportation Holdings average return on tangible equity for 2021 was 40.21, a 70.67% 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.