• Baker Hughes average ebitda margin for 2023 was 12.67%, a 13.73% increase from 2022.
• Baker Hughes average ebitda margin for 2022 was 11.14%, a 18.76% increase from 2021.
• Baker Hughes average ebitda margin for 2021 was 9.38%, a 297.46% increase from 2020.

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