• Masco average return on tangible equity for 2023 was -81.09, a 17.11% increase from 2022.
• Masco average return on tangible equity for 2022 was -69.24, a 12.03% increase from 2021.
• Masco average return on tangible equity for 2021 was -78.71, a 53.4% 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.