• Snap-On average ebitda margin for 2023 was 29.6%, a 1.51% increase from 2022.
• Snap-On average ebitda margin for 2022 was 29.16%, a 2.07% increase from 2021.
• Snap-On average ebitda margin for 2021 was 28.57%, a 6.29% increase from 2020.

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