• Chemed average ebitda margin for 2023 was 17.25%, a 11.31% increase from 2022.
• Chemed average ebitda margin for 2022 was 19.45%, a 4.61% decline from 2021.
• Chemed average ebitda margin for 2021 was 20.39%, a 8.69% decline from 2020.

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