• Qualys average return on tangible equity for 2023 was 45.62, a 72.35% decline from 2022.
• Qualys average return on tangible equity for 2022 was 26.47, a 42.62% increase from 2021.
• Qualys average return on tangible equity for 2021 was 18.56, a 19.97% 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.