• Lincoln National average ebitda margin for 2023 was -2.56%, a 109.67% decline from 2022.
• Lincoln National average ebitda margin for 2022 was 26.46%, a 105.91% decline from 2021.
• Lincoln National average ebitda margin for 2021 was 12.85%, a 476.23% increase from 2020.

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