• Bath & Body Works average ebitda margin for 2023 was 20.29%, a 24.96% increase from 2022.
• Bath & Body Works average ebitda margin for 2022 was 27.04%, a 2.45% decline from 2021.
• Bath & Body Works average ebitda margin for 2021 was 27.72%, a 152.23% decline from 2020.

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