• Baxter average ebitda margin for 2023 was 12.97%, a 17.02% decline from 2022.
• Baxter average ebitda margin for 2022 was 15.63%, a 22.59% decline from 2021.
• Baxter average ebitda margin for 2021 was 20.19%, a 9.26% decline from 2020.

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