• Vontier average return on tangible equity for 2023 was -18.45, a 32.52% increase from 2022.
• Vontier average return on tangible equity for 2022 was -27.34, a 49.75% decline from 2021.
• Vontier average return on tangible equity for 2021 was -54.41, a 30.56% decline 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.