> Sure, EBITDA is useful for comparing operating performance between companies in a single industry, where capital structures and asset bases are broadly simila

> Sure, EBITDA is useful for comparing operating performance between companies in a single industry, where capital structures and asset bases are broadly similar. The whole point of EBITDA is, as I said, to eliminate the effect of capital structures. EBITDA margin is not meaningful between dissimilar industries. I am not sure what would be best. Some sort of return on investment measure. I think calling it a profit measure is fine.