• Toro average ebitda margin for 2024 was 12.75%, a 9.64% increase from 2023.
• Toro average ebitda margin for 2023 was 14.11%, a 1.19% decline from 2022.
• Toro average ebitda margin for 2022 was 14.28%, a 13.14% decline from 2021.

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