• Trimble average ebitda margin for 2023 was 18.26%, a 5.78% decline from 2022.
• Trimble average ebitda margin for 2022 was 19.38%, a 4.86% decline from 2021.
• Trimble average ebitda margin for 2021 was 20.37%, a 9.16% decline from 2020.

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