• Teradyne average ebitda margin for 2023 was 25.18%, a 21.73% decline from 2022.
• Teradyne average ebitda margin for 2022 was 32.17%, a 9.74% decline from 2021.
• Teradyne average ebitda margin for 2021 was 35.64%, a 9.73% decline from 2020.

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