• Martin Marietta Materials average return on tangible equity for 2023 was 36.62, a 7.01% increase from 2022.
• Martin Marietta Materials average return on tangible equity for 2022 was 34.22, a 31.62% increase from 2021.
• Martin Marietta Materials average return on tangible equity for 2021 was 26, a 1.48% 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.