• Icahn Enterprises average ebitda margin for 2023 was 2.81%, a 55.61% increase from 2022.
• Icahn Enterprises average ebitda margin for 2022 was 6.33%, a 47.47% decline from 2021.
• Icahn Enterprises average ebitda margin for 2021 was 12.05%, a 149.1% decline from 2020.

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