• Landstar System average return on tangible equity for 2023 was 36.05, a 32.5% decline from 2022.
• Landstar System average return on tangible equity for 2022 was 53.41, a 27.02% decline from 2021.
• Landstar System average return on tangible equity for 2021 was 42.05, a 46.52% 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.