• Bayer average ebitda margin for 2023 was 23.95%, a 7.74% decline from 2022.
• Bayer average ebitda margin for 2022 was 22.23%, a 134.74% increase from 2021.
• Bayer average ebitda margin for 2021 was 9.47%, a 695.8% increase from 2020.

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