• Incyte average ebitda margin for 2023 was 16.37%, a 22.45% decline from 2022.
• Incyte average ebitda margin for 2022 was 21.11%, a 1.98% decline from 2021.
• Incyte average ebitda margin for 2021 was 20.7%, a 314.95% increase from 2020.

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