• American Tower average operating margin for 2023 was 23.71%, a 12.44% increase from 2022.
• American Tower average operating margin for 2022 was 27.08%, a 23.44% decline from 2021.
• American Tower average operating margin for 2021 was 35.37%, a 2.4% 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.