Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 19.91% is 18% below its 5-year average of 24.39%, near the high end of its 5-year range (-17.97%–33.75%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.23% below its 12-month average of 21.23%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
19.91%
EBITDA MARGIN AVG TTM
21.23%
EBITDA MARGIN AVG 3Y
23.33%
EBITDA MARGIN AVG 5Y
24.39%
EBITDA MARGIN AVG 10Y
N/A
EBITDA MARGIN AVG 15Y
N/A
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-6.23%
CURRENT VS 3Y AVG
-14.67%
CURRENT VS 5Y AVG
-18.39%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
PDD Holdings Inc.
Market Cap
$129.28B
EBITDA Margin
19.91%
TTM Avg
21.23%
3Y Avg
23.33%
5Y Avg
24.39%
Market Cap
$124.58B
EBITDA Margin
14.02%
TTM Avg
14.23%
3Y Avg
14.92%
5Y Avg
14.89%
Market Cap
$121.33B
EBITDA Margin
14.16%
TTM Avg
16.76%
3Y Avg
18.23%
5Y Avg
17.99%
Market Cap
$103.66B
EBITDA Margin
13.00%
TTM Avg
13.93%
3Y Avg
12.81%
5Y Avg
12.07%
Market Cap
$96.89B
EBITDA Margin
13.06%
TTM Avg
14.35%
3Y Avg
15.11%
5Y Avg
12.57%
Market Cap
$165.23B
EBITDA Margin
37.34%
TTM Avg
36.17%
3Y Avg
34.04%
5Y Avg
27.43%
Market Cap
$90.83B
EBITDA Margin
16.95%
TTM Avg
16.96%
3Y Avg
17.66%
5Y Avg
15.12%
Market Cap
$172.88B
EBITDA Margin
13.96%
TTM Avg
13.55%
3Y Avg
12.77%
5Y Avg
11.20%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PDD Holdings Inc. (PDD) | $129.28B | 19.91% | 21.23% | 23.33% | 24.39% |
| Lowe's Companies, Inc. (LOW)vs › | $124.58B | 14.02% | 14.23% | 14.92% | 14.89% |
| Starbucks Corporation (SBUX)vs › | $121.33B | 14.16% | 16.76% | 18.23% | 17.99% |
| Airbnb, Inc. (ABNB)vs › | $109.53B | 20.78% | 22.18% | 20.63% | -1.76% |
| BYD Company Limited (BYDDY)vs › | $103.66B | 13.00% | 13.93% | 12.81% | 12.07% |
| MercadoLibre, Inc. (MELI)vs › | $96.89B | 13.06% | 14.35% | 15.11% | 12.57% |
| Booking Holdings Inc. (BKNG)vs › | $165.23B | 37.34% | 36.17% | 34.04% | 27.43% |
| Marriott International, Inc. (MAR)vs › | $90.83B | 16.95% | 16.96% | 17.66% | 15.12% |
| The TJX Companies, Inc. (TJX)vs › | $172.88B | 13.96% | 13.55% | 12.77% | 11.20% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $81.99B | 36.36% | 35.48% | 27.35% | -34.87% |
Gross Margin
56.0%
EBITDA Margin
19.9%
Operating Margin
22.2%
Net Margin
21.5%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 19.91% |
| 2025-12-31 | 21.14% |
| 2025-09-30 | 23.11% |
| 2025-06-30 | 24.97% |
| 2025-03-31 | 17.00% |
| 2024-12-31 | 23.30% |
| 2024-09-30 | 24.65% |
| 2024-06-30 | 33.75% |
| 2024-03-31 | 30.15% |
| 2023-12-31 | 25.42% |
| 2023-09-30 | 25.00% |
| 2023-06-30 | 25.39% |
| 2023-03-31 | 19.89% |
| 2022-12-31 | 24.28% |
| 2022-09-30 | 30.45% |
| 2022-06-30 | 28.85% |
| 2022-03-31 | 10.63% |
| 2021-12-31 | 26.74% |
| 2021-09-30 | 10.70% |
| 2021-06-30 | 9.37% |
| 2021-03-31 | -17.97% |
| 2020-12-31 | -7.10% |
| 2020-09-30 | -8.00% |
| 2020-06-30 | -12.14% |
| 2020-03-31 | -64.79% |
| 2019-12-31 | -18.31% |
| 2019-09-30 | -35.50% |
| 2019-06-30 | -18.32% |
| 2019-03-31 | -43.92% |
| 2018-12-31 | -43.93% |
| 2018-09-30 | -34.29% |
| 2018-06-30 | -241.53% |
| 2018-03-31 | -15.09% |
| 2017-12-31 | -1.87% |
| 2017-09-30 | -55.28% |
| 2017-06-30 | -116.80% |
| 2017-03-31 | -581.76% |
