• UFP Industries average return on tangible equity for 2023 was 24.38, a 33.84% decline from 2022.
• UFP Industries average return on tangible equity for 2022 was 36.85, a 10.99% decline from 2021.
• UFP Industries average return on tangible equity for 2021 was 33.2, a 63.14% 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.