• Avantor average ebitda margin for 2023 was 17.52%, a 11.29% decline from 2022.
• Avantor average ebitda margin for 2022 was 19.75%, a 6.81% decline from 2021.
• Avantor average ebitda margin for 2021 was 18.49%, a 7.5% increase from 2020.

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