• Avangrid average ebitda margin for 2023 was 23.09%, a 6.4% increase from 2022.
• Avangrid average ebitda margin for 2022 was 24.67%, a 13.86% decline from 2021.
• Avangrid average ebitda margin for 2021 was 28.64%, a 8.18% decline from 2020.

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