• FMC average ebitda margin for 2023 was 21.09%, a 6.27% decline from 2022.
• FMC average ebitda margin for 2022 was 22.5%, a 1.57% decline from 2021.
• FMC average ebitda margin for 2021 was 22.86%, a 4.86% decline from 2020.

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