• Lennox average ebitda margin for 2023 was 16.82%, a 9.29% increase from 2022.
• Lennox average ebitda margin for 2022 was 15.39%, a 6.95% increase from 2021.
• Lennox average ebitda margin for 2021 was 16.54%, a 0.48% decline from 2020.

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