• SiteOne Landscape Supply average return on tangible equity for 2023 was 28.41, a 38.88% decline from 2022.
• SiteOne Landscape Supply average return on tangible equity for 2022 was 46.48, a 8.77% decline from 2021.
• SiteOne Landscape Supply average return on tangible equity for 2021 was 50.95, a 60.39% 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.