• StepStone Group average ebitda margin for 2023 was 17.89%, a 54.9% increase from 2022.
• StepStone Group average ebitda margin for 2022 was 39.67%, a 6.77% decline from 2021.
• StepStone Group average ebitda margin for 2021 was 42.55%, a 62.4% decline from 2020.

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