• American Tower average ebitda margin for 2023 was 54.29%, a 4.2% increase from 2022.
• American Tower average ebitda margin for 2022 was 56.67%, a 5.22% decline 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.