• BellRing Brands average ebitda margin for 2023 was 18.88%, a 8.94% increase from 2022.
• BellRing Brands average ebitda margin for 2022 was 17.33%, a 3.08% increase from 2021.
• BellRing Brands average ebitda margin for 2021 was 17.88%, a 7.93% decline from 2020.

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