• Smc average ebitda margin for 2023 was 30.02%, a 0.69% decline from 2022.
• Smc average ebitda margin for 2022 was 30.23%, a 1.02% decline from 2021.
• Smc average ebitda margin for 2021 was 30.54%, a 0.03% decline from 2020.

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