• Subsea 7 SA average return on tangible equity for 2023 was 0.94, a 5.05% increase from 2022.
• Subsea 7 SA average return on tangible equity for 2022 was 0.99, a 113.2% decline from 2021.
• Subsea 7 SA average return on tangible equity for 2021 was -7.5, a 60.96% 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.