• Medtronic average ebitda margin for 2023 was 26.36%, a 3.23% decline from 2022.
• Medtronic average ebitda margin for 2022 was 27.24%, a 16.56% decline from 2021.
• Medtronic average ebitda margin for 2021 was 23.37%, a 7.63% increase from 2020.

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