• Fortis average ebit margin for 2023 was 25.77%, a 2.59% increase from 2022.
• Fortis average ebit margin for 2022 was 25.12%, a 6.79% increase from 2021.
• Fortis average ebit margin for 2021 was 26.95%, a 10.32% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues