• Lennar average return on tangible equity for 2023 was 19.76, a 17.36% decline from 2022.
• Lennar average return on tangible equity for 2022 was 23.91, a 0.59% decline from 2021.
• Lennar average return on tangible equity for 2021 was 23.77, a 40.65% 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.