• Balchem average ebitda margin for 2023 was 21.82%, a 1.49% increase from 2022.
• Balchem average ebitda margin for 2022 was 21.5%, a 5.41% increase from 2021.
• Balchem average ebitda margin for 2021 was 22.73%, a 0.48% decline from 2020.

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