• Amgen average ebitda margin for 2023 was 46.38%, a 2.5% decline from 2022.
• Amgen average ebitda margin for 2022 was 47.57%, a 7.82% decline from 2021.
• Amgen average ebitda margin for 2021 was 44.12%, a 12.5% increase from 2020.

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