• XPO average return on tangible equity for 2023 was -15.42, a 74.29% increase from 2022.
• XPO average return on tangible equity for 2022 was -59.97, a 258.46% decline from 2021.
• XPO average return on tangible equity for 2021 was -16.73, a 131.08% 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.