• Labcorp average ebitda margin for 2023 was 12.63%, a 42.95% decline from 2022.
• Labcorp average ebitda margin for 2022 was 22.14%, a 25.45% decline from 2021.
• Labcorp average ebitda margin for 2021 was 29.7%, a 70.2% decline from 2020.

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