• Simpson Manufacturing average return on tangible equity for 2023 was 54.24, a 30.76% decline from 2022.
• Simpson Manufacturing average return on tangible equity for 2022 was 41.48, a 59.48% increase from 2021.
• Simpson Manufacturing average return on tangible equity for 2021 was 26.01, a 12.16% 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.