• Honda average ebit margin for 2023 was 5.32%, a 7.64% increase from 2022.
• Honda average ebit margin for 2022 was 5.76%, a 6.19% decline from 2021.
• Honda average ebit margin for 2021 was 6.14%, a 99.35% decline from 2020.

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