• Construction Partners average return on tangible equity for 2023 was 13.48, a 123.92% increase from 2022.
• Construction Partners average return on tangible equity for 2022 was 6.02, a 27.56% increase from 2021.
• Construction Partners average return on tangible equity for 2021 was 8.31, a 38.26% 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.