• Linde average ebitda margin for 2023 was 35.45%, a 25.58% increase from 2022.
• Linde average ebitda margin for 2022 was 28.23%, a 9.98% increase from 2021.
• Linde average ebitda margin for 2021 was 31.36%, a 10.7% decline from 2020.

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