• United States Cellular average return on tangible equity for 2023 was -12.22, a 125.99% decline from 2022.
• United States Cellular average return on tangible equity for 2022 was 47.01, a 148.34% decline from 2021.
• United States Cellular average return on tangible equity for 2021 was 18.93, a 66.2% 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.