• Teradyne average return on tangible equity for 2023 was 27.42, a 34.78% decline from 2022.
• Teradyne average return on tangible equity for 2022 was 42.04, a 21.3% decline from 2021.
• Teradyne average return on tangible equity for 2021 was 53.42, a 8.59% 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.