• Ashtead Group average ebitda margin for 2023 was 44.33%, a 55.11% increase from 2022.
• Ashtead Group average ebitda margin for 2022 was 28.58%, a 4.29% increase from 2021.
• Ashtead Group average ebitda margin for 2021 was 29.86%, a 7.1% decline from 2020.

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