• Altria average return on tangible equity for 2023 was -32.53, a 68.72% increase from 2022.
• Altria average return on tangible equity for 2022 was -19.28, a 17.85% increase from 2021.
• Altria average return on tangible equity for 2021 was -23.47, a 357.5% 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.