• L3Harris Technologies Inc average return on tangible equity for 2023 was -16.72, a 40.58% decline from 2022.
• L3Harris Technologies Inc average return on tangible equity for 2022 was -28.14, a 3.1% decline from 2021.
• L3Harris Technologies Inc average return on tangible equity for 2021 was -29.04, a 54.71% 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.