Many large public companies successfully navigated the pandemic and ended up larger and wealthier. Marblegate Asset Management then compared these findings to public companies in the Russell 3000 index — the broadest measure of American public companies. The firm's analysis found that EBITDA fell over 24% for middle-market companies between 2019 and 2022, whereas EBITDA grew 18% at large public companies. EBITDA margins fell 25% during the time period for middle-market companies, while it only declined 2% for public companies. Whereas large public companies can charge more for increases in raw material and labor costs, middle-market companies on the whole struggled to pass on these costs to customers.

---

Persons: —, RapidRatings, amortization, EBITDA, Axios Organizations: Service, Business, Marblegate Asset Management, Marblegate, Management