• Fortive average ebitda margin for 2023 was 25.76%, a 8.14% increase from 2022.
• Fortive average ebitda margin for 2022 was 23.82%, a 7.59% increase from 2021.
• Fortive average ebitda margin for 2021 was 22.14%, a 19.68% increase from 2020.

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