Ebitdar (Earnings Before Interest, Taxes, Depreciation & Amortization): This financial metric measures a company’s financial performance before non-cash expenses such as depreciation and amortization are factored in. It is especially useful for comparing firms in cyclical industries where factors like asset age can heavily influence the bottom line. It provides investors with a more accurate picture of a firm’s true profitability over time and offers invaluable insight into its sustainability.