• Woodward average ebitda margin for 2023 was 13.17%, a 6.06% increase from 2022.
• Woodward average ebitda margin for 2022 was 14.02%, a 13.99% decline from 2021.
• Woodward average ebitda margin for 2021 was 16.3%, a 4.12% decline from 2020.

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