• Flex average ebitda margin for 2023 was 5.46%, a 0.91% decline from 2022.
• Flex average ebitda margin for 2022 was 5.51%, a 6.77% decline from 2021.
• Flex average ebitda margin for 2021 was 5.91%, a 27.1% decline from 2020.

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