• Stifel Financial average ebitda margin for 2024 was 22.78%, a 1.89% decline from 2023.
• 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.

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