• Exponent average ebitda margin for 2023 was 23.92%, a 16.86% decline from 2022.
• Exponent average ebitda margin for 2022 was 28.77%, a 27.19% decline from 2021.
• Exponent average ebitda margin for 2021 was 22.62%, a 5.36% increase from 2020.

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