• Merck average ebit margin for 2023 was 18.33%, a 12.38% decline from 2022.
• Merck average ebit margin for 2022 was 20.92%, a 4.24% decline from 2021.
• Merck average ebit margin for 2021 was 20.07%, a 28.9% increase from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues