• EQT average ebitda margin for 2023 was 60%, a 18.39% decline from 2022.
• EQT average ebitda margin for 2022 was 50.68%, a 82.83% increase from 2021.
• EQT average ebitda margin for 2021 was 27.72%, a 305.49% increase from 2020.

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