• Masimo average ebitda margin for 2023 was 13.93%, a 29.93% decline from 2022.
• Masimo average ebitda margin for 2022 was 19.88%, a 19.25% decline from 2021.
• Masimo average ebitda margin for 2021 was 24.62%, a 3.68% decline from 2020.

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