EBITDA, TTM

EBITDA (earnings before interest, taxes, depreciation and amortization) is a measure of a company’s overall financial performance and is used as an alternative to net income in some circumstances. EBITDA, however, can be misleading because it does not reflect the cost of capital investments like property, plants, and equipment

TTM (Trailing 12 Months) is a term used to describe the past 12 consecutive months of a company’s performance data, that’s used for reporting financial figures. The 12 months studied do not necessarily coincide with a fiscal-year ending period.  

The formula for EBITDA is:

EBITDA = Operating income + Depreciation & Amortization