• Elanco Animal Health average ebitda margin for 2023 was 8.82%, a 45.69% decline from 2022.
• Elanco Animal Health average ebitda margin for 2022 was 16.24%, a 469.82% decline from 2021.
• Elanco Animal Health average ebitda margin for 2021 was 2.85%, a 17.87% increase from 2020.

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