• SPX Technologies average return on tangible equity for 2023 was 37.33, a 60.35% decline from 2022.
• SPX Technologies average return on tangible equity for 2022 was 94.16, a 74.78% decline from 2021.
• SPX Technologies average return on tangible equity for 2021 was 373.42, a 746.73% 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.