• RTX average return on tangible equity for 2023 was -24.94, a 2.13% decline from 2022.
• RTX average return on tangible equity for 2022 was -24.42, a 189.68% increase from 2021.
• RTX average return on tangible equity for 2021 was -8.43, a 324.8% 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.