• PPL average ebitda margin for 2023 was 33.41%, a 11.31% increase from 2022.
• PPL average ebitda margin for 2022 was 37.67%, a 18.88% decline from 2021.
• PPL average ebitda margin for 2021 was 46.44%, a 9.68% decline from 2020.

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