• MasTec average return on tangible equity for 2023 was 5.42, a 86.23% decline from 2022.
• MasTec average return on tangible equity for 2022 was 39.37, a 47.7% decline from 2021.
• MasTec average return on tangible equity for 2021 was 75.28, a 24% 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.