• Toro average ebitda margin for 2023 was 14.11%, a 1.19% increase from 2022.
• Toro average ebitda margin for 2022 was 14.28%, a 13.14% decline from 2021.
• Toro average ebitda margin for 2021 was 16.44%, a 16.43% decline from 2020.

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