• Service average ebitda margin for 2023 was 29.08%, a 12.01% increase from 2022.
• Service average ebitda margin for 2022 was 33.05%, a 6.35% decline from 2021.
• Service average ebitda margin for 2021 was 35.29%, a 16.97% decline from 2020.

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