• Valmont Industries average return on tangible equity for 2023 was 30.49, a 22.52% increase from 2022.
• Valmont Industries average return on tangible equity for 2022 was 39.35, a 15.7% decline from 2021.
• Valmont Industries average return on tangible equity for 2021 was 34.01, a 32.54% 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.