• Linde average ebitda margin for 2023 was 33.69%, a 16.49% increase from 2022.
• Linde average ebitda margin for 2022 was 28.92%, a 7.04% increase from 2021.
• Linde average ebitda margin for 2021 was 31.11%, a 11.15% decline from 2020.

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