• Avangrid average operating margin for 2023 was 9.63%, a 13.94% increase from 2022.
• Avangrid average operating margin for 2022 was 11.19%, a 18.38% decline from 2021.
• Avangrid average operating margin for 2021 was 13.71%, a 5.38% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.