• International Paper average ebitda margin for 2023 was 13.03%, a 7.19% decline from 2022.
• International Paper average ebitda margin for 2022 was 14.04%, a 8.18% decline from 2021.
• International Paper average ebitda margin for 2021 was 15.29%, a 5.73% decline from 2020.

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