• Martin Marietta Materials average return on tangible equity for 2023 was 35.78, a 2.35% decline from 2022.
• Martin Marietta Materials average return on tangible equity for 2022 was 36.64, a 42.07% decline from 2021.
• Martin Marietta Materials average return on tangible equity for 2021 was 25.79, a 1.06% 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.