• Molson Coors Beverage average return on tangible equity for 2023 was -5.25, a 42.43% increase from 2022.
• Molson Coors Beverage average return on tangible equity for 2022 was -9.12, a 501.76% decline from 2021.
• Molson Coors Beverage average return on tangible equity for 2021 was 2.27, a 22.04% 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.