• Nucor average return on tangible equity for 2023 was 42.4, a 43.29% decline from 2022.
• Nucor average return on tangible equity for 2022 was 74.76, a 69.29% decline from 2021.
• Nucor average return on tangible equity for 2021 was 44.16, a 466.88% 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.