• Gap average ebitda margin for 2023 was 4.61%, a 6.49% increase from 2022.
• Gap average ebitda margin for 2022 was 4.93%, a 14.71% decline from 2021.
• Gap average ebitda margin for 2021 was 5.78%, a 504.2% decline from 2020.

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