• Vulcan Materials average return on tangible equity for 2023 was 43.25, a 9.04% decline from 2022.
• Vulcan Materials average return on tangible equity for 2022 was 47.55, a 16.95% decline from 2021.
• Vulcan Materials average return on tangible equity for 2021 was 40.66, a 6.16% 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.