• AES average ebitda margin for 2023 was 8.94%, a 148.33% increase from 2022.
• AES average ebitda margin for 2022 was 3.6%, a 66.51% increase from 2021.
• AES average ebitda margin for 2021 was 10.75%, a 45.43% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.