• Westinghouse Air Brake Technologies average return on tangible equity for 2023 was -42.09, a 36.04% increase from 2022.
• Westinghouse Air Brake Technologies average return on tangible equity for 2022 was -30.94, a 47.4% increase from 2021.
• Westinghouse Air Brake Technologies average return on tangible equity for 2021 was -20.99, a 16.74% 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.