• American Tower average ebitda margin for 2023 was 63.49%, a 7.34% increase from 2022.
• American Tower average ebitda margin for 2022 was 59.15%, a 1.07% increase from 2021.
• American Tower average ebitda margin for 2021 was 59.79%, a 0.4% decline from 2020.

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