• Republic Services average return on tangible equity for 2023 was -30.59, a 2.98% increase from 2022.
• Republic Services average return on tangible equity for 2022 was -31.53, a 2.14% decline from 2021.
• Republic Services average return on tangible equity for 2021 was -30.87, a 8.89% 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.