• Ferrari average ebitda margin for 2023 was 37.16%, a 6.63% increase from 2022.
• Ferrari average ebitda margin for 2022 was 34.85%, a 1.83% increase from 2021.
• Ferrari average ebitda margin for 2021 was 35.5%, a 6.54% decline from 2020.

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