• Vertex average ebitda margin for 2023 was 9.53%, a 11.1% increase from 2022.
• Vertex average ebitda margin for 2022 was 10.72%, a 671.22% decline from 2021.
• Vertex average ebitda margin for 2021 was 1.39%, a 115.67% increase from 2020.

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