• TIM S.A average ebitda margin for 2023 was 48.22%, a 2.63% increase from 2022.
• TIM S.A average ebitda margin for 2022 was 49.52%, a 1.61% decline from 2021.
• TIM S.A average ebitda margin for 2021 was 50.33%, a 0.76% decline from 2020.

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