• Schneider National average return on tangible equity for 2023 was 13.73, a 31.76% decline from 2022.
• Schneider National average return on tangible equity for 2022 was 20.12, a 31.59% decline from 2021.
• Schneider National average return on tangible equity for 2021 was 15.29, a 79.25% 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.