• Nice average ebitda margin for 2023 was 24.89%, a 4.49% increase from 2022.
• Nice average ebitda margin for 2022 was 23.82%, a 7.96% increase from 2021.
• Nice average ebitda margin for 2021 was 25.88%, a 3.54% decline from 2020.

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