• APA average ebitda margin for 2023 was 53.26%, a 1.66% decline from 2022.
• APA average ebitda margin for 2022 was 54.16%, a 34.23% decline from 2021.
• APA average ebitda margin for 2021 was 40.35%, a 141.96% increase from 2020.

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