• Leidos Holdings average return on tangible equity for 2023 was -13.51, a 29.49% increase from 2022.
• Leidos Holdings average return on tangible equity for 2022 was -19.16, a 3.28% decline from 2021.
• Leidos Holdings average return on tangible equity for 2021 was -19.81, a 2.89% 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.