• S&P Global average ebitda margin for 2023 was 41.55%, a 28.72% increase from 2022.
• S&P Global average ebitda margin for 2022 was 58.29%, a 12.03% decline from 2021.
• S&P Global average ebitda margin for 2021 was 52.03%, a 2.42% increase from 2020.

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