• Deere average ebitda margin for 2023 was 26.59%, a 17.65% increase from 2022.
• Deere average ebitda margin for 2022 was 22.6%, a 3.83% increase from 2021.
• Deere average ebitda margin for 2021 was 23.5%, a 20.14% decline from 2020.

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