• Nova average ebitda margin for 2023 was 28.35%, a 6.56% increase from 2022.
• Nova average ebitda margin for 2022 was 30.34%, a 5.68% decline from 2021.
• Nova average ebitda margin for 2021 was 28.71%, a 30.26% increase from 2020.

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