• Parsons average return on tangible equity for 2023 was 72.14, a 60.2% decline from 2022.
• Parsons average return on tangible equity for 2022 was 45.03, a 126.28% increase from 2021.
• Parsons average return on tangible equity for 2021 was 19.9, a 1481.94% 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.