• Stifel Financial average ebitda margin for 2023 was 23.22%, a 10.76% decline from 2022.
• Stifel Financial average ebitda margin for 2022 was 26.02%, a 1.96% decline from 2021.
• Stifel Financial average ebitda margin for 2021 was 25.52%, a 18.15% increase from 2020.

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