• Thermo Fisher Scientific average return on tangible equity for 2023 was -36.63, a 10.85% increase from 2022.
• Thermo Fisher Scientific average return on tangible equity for 2022 was -41.09, a 83.31% decline from 2021.
• Thermo Fisher Scientific average return on tangible equity for 2021 was -246.23, a 255.93% 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.