• Stantec average return on tangible equity for 2023 was -103.13, a 90.8% increase from 2022.
• Stantec average return on tangible equity for 2022 was -54.05, a 143.2% increase from 2021.
• Stantec average return on tangible equity for 2021 was 125.13, a 98.3% 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.