• Obayashi average ebitda margin for 2023 was 2.82%, a 30.54% decline from 2022.
• Obayashi average ebitda margin for 2022 was 4.06%, a 14.88% decline from 2021.
• Obayashi average ebitda margin for 2021 was 4.77%, a 10.84% decline from 2020.

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