• Thermo Fisher Scientific average return on tangible equity for 2023 was -36.29, a 27.49% increase from 2022.
• Thermo Fisher Scientific average return on tangible equity for 2022 was -50.05, a 72.55% decline from 2021.
• Thermo Fisher Scientific average return on tangible equity for 2021 was -182.32, a 251.22% 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.