• Blackstone average ebitda margin for 2023 was 38.35%, a 27.82% increase from 2022.
• Blackstone average ebitda margin for 2022 was 53.13%, a 10.27% decline from 2021.
• Blackstone average ebitda margin for 2021 was 59.21%, a 88.39% decline from 2020.

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