• McCormick average ebitda margin for 2023 was 17.08%, a 1.33% increase from 2022.
• McCormick average ebitda margin for 2022 was 17.31%, a 12.75% decline from 2021.
• McCormick average ebitda margin for 2021 was 19.84%, a 6.33% decline from 2020.

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