• Cognex average ebitda margin for 2023 was 21.45%, a 25.86% decline from 2022.
• Cognex average ebitda margin for 2022 was 28.93%, a 11.74% decline from 2021.
• Cognex average ebitda margin for 2021 was 32.78%, a 58.97% decline from 2020.

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