• Waste Management average return on tangible equity for 2023 was -71.59, a 6.32% decline from 2022.
• Waste Management average return on tangible equity for 2022 was -76.42, a 11.38% decline from 2021.
• Waste Management average return on tangible equity for 2021 was -86.23, a 95.04% 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.