• Kratos Defense & Security Solutions average return on tangible equity for 2023 was -6.44, a 20% decline from 2022.
• Kratos Defense & Security Solutions average return on tangible equity for 2022 was -8.05, a 151.08% decline from 2021.
• Kratos Defense & Security Solutions average return on tangible equity for 2021 was 15.76, a 32.1% 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.