• Noble average ebitda margin for 2023 was 27.56%, a 4.7% increase from 2022.
• Noble average ebitda margin for 2022 was 28.92%, a 112.56% decline from 2021.
• Noble average ebitda margin for 2021 was -230.24%, a 40.6% decline from 2020.

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