• Textron average return on tangible equity for 2023 was 19.28, a 6.34% decline from 2022.
• Textron average return on tangible equity for 2022 was 18.13, a 5.04% increase from 2021.
• Textron average return on tangible equity for 2021 was 17.26, a 41.82% increase 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.