• Herc Holdings average ebitda margin for 2023 was 43.42%, a 1.31% decline from 2022.
• Herc Holdings average ebitda margin for 2022 was 42.86%, a 7.04% increase from 2021.
• Herc Holdings average ebitda margin for 2021 was 40.04%, a 7.78% increase from 2020.

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