• Heico average ebitda margin for 2023 was 26.34%, a 0.49% decline from 2022.
• Heico average ebitda margin for 2022 was 26.47%, a 3.36% decline from 2021.
• Heico average ebitda margin for 2021 was 25.61%, a 2.7% increase from 2020.

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