• Federal Signal average ebitda margin for 2023 was 15.83%, a 7.18% increase from 2022.
• Federal Signal average ebitda margin for 2022 was 14.77%, a 2.96% increase from 2021.
• Federal Signal average ebitda margin for 2021 was 15.22%, a 2.44% decline from 2020.

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