• Molina Healthcare average return on tangible equity for 2023 was 47.73, a 4.77% decline from 2022.
• Molina Healthcare average return on tangible equity for 2022 was 50.12, a 10.98% decline from 2021.
• Molina Healthcare average return on tangible equity for 2021 was 45.16, a 0.69% 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.