• Dillard's average ebitda margin for 2023 was 17.71%, a 13.06% decline from 2022.
• Dillard's average ebitda margin for 2022 was 20.37%, a 78.84% decline from 2021.
• Dillard's average ebitda margin for 2021 was 11.39%, a 312.68% increase from 2020.

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