• Coherent average ebitda margin for 2023 was 13.56%, a 31.96% increase from 2022.
• Coherent average ebitda margin for 2022 was 19.93%, a 8.28% decline from 2021.
• Coherent average ebitda margin for 2021 was 21.73%, a 46.03% decline from 2020.

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