• 3M average ebitda margin for 2023 was -20.28%, a 184.39% decline from 2022.
• 3M average ebitda margin for 2022 was 24.03%, a 12.24% decline from 2021.
• 3M average ebitda margin for 2021 was 27.38%, a 1.37% decline from 2020.

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