• Labcorp average return on tangible equity for 2023 was -76.69, a 43.22% decline from 2022.
• Labcorp average return on tangible equity for 2022 was -135.06, a 8.37% decline from 2021.
• Labcorp average return on tangible equity for 2021 was -147.39, a 618.27% 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.