• Albemarle average operating margin for 2023 was 22.51%, a 16.88% decline from 2022.
• Albemarle average operating margin for 2022 was 27.08%, a 8.89% decline from 2021.
• Albemarle average operating margin for 2021 was 24.87%, a 48.66% increase 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.