• Pilgrim's Pride average return on tangible equity for 2023 was 28.77, a 75.3% increase from 2022.
• Pilgrim's Pride average return on tangible equity for 2022 was 116.49, a 3306.14% decline from 2021.
• Pilgrim's Pride average return on tangible equity for 2021 was 3.42, a 87.27% 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.