• Equitable Holdings average ebitda margin for 2023 was 22.32%, a 58.62% decline from 2022.
• Equitable Holdings average ebitda margin for 2022 was 53.94%, a 122.17% decline from 2021.
• Equitable Holdings average ebitda margin for 2021 was -243.3%, a 1436.81% decline from 2020.

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