• Fortis average ebitda margin for 2023 was 40.75%, a 0.39% increase from 2022.
• Fortis average ebitda margin for 2022 was 40.59%, a 5.27% increase from 2021.
• Fortis average ebitda margin for 2021 was 42.85%, a 6.71% decline from 2020.

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