• Ares Capital average ebit margin for 2023 was 74.53%, a 5.15% decline from 2022.
• Ares Capital average ebit margin for 2022 was 70.88%, a 9.05% increase from 2021.
• Ares Capital average ebit margin for 2021 was 65%, a 13.72% increase from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues