• Reliance average ebitda margin for 2023 was 14.33%, a 12.19% decline from 2022.
• Reliance average ebitda margin for 2022 was 16.32%, a 17.83% decline from 2021.
• Reliance average ebitda margin for 2021 was 13.85%, a 47.65% increase from 2020.

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