• Elbit Systems average ebitda margin for 2023 was 9.7%, a 0.72% decline from 2022.
• Elbit Systems average ebitda margin for 2022 was 9.77%, a 5.6% decline from 2021.
• Elbit Systems average ebitda margin for 2021 was 10.35%, a 1.47% decline from 2020.

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