• Zoetis average ebitda margin for 2023 was 42.53%, a 4.39% decline from 2022.
• Zoetis average ebitda margin for 2022 was 40.74%, a 0.32% increase from 2021.
• Zoetis average ebitda margin for 2021 was 40.61%, a 0% increase from 2020.

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