• Southern average ebitda margin for 2023 was 36.3%, a 13.01% increase from 2022.
• Southern average ebitda margin for 2022 was 32.12%, a 17.24% increase from 2021.
• Southern average ebitda margin for 2021 was 38.81%, a 8.27% decline from 2020.

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