• Nutrien average ebitda margin for 2023 was 23.38%, a 27.5% decline from 2022.
• Nutrien average ebitda margin for 2022 was 32.25%, a 69.56% decline from 2021.
• Nutrien average ebitda margin for 2021 was 19.02%, a 24.97% increase from 2020.

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