• Moog average return on tangible equity for 2023 was 25.61, a 18.07% decline from 2022.
• Moog average return on tangible equity for 2022 was 31.26, a 34.92% decline from 2021.
• Moog average return on tangible equity for 2021 was 23.17, a 15.22% 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.