• Watsco average ebitda margin for 2023 was 11.65%, a 0% decline from 2022.
• Watsco average ebitda margin for 2022 was 11.65%, a 18.51% decline from 2021.
• Watsco average ebitda margin for 2021 was 9.83%, a 21.21% increase from 2020.

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