• 3M average ebitda margin for 2023 was -8.27%, a 134.15% decline from 2022.
• 3M average ebitda margin for 2022 was 24.22%, a 11.54% 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.