• Hoya average ebitda margin for 2023 was 54.05%, a 2.07% decline from 2022.
• Hoya average ebitda margin for 2022 was 55.19%, a 2.24% decline from 2021.
• Hoya average ebitda margin for 2021 was 53.98%, 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.