• American Tower average operating margin for 2023 was 30.36%, a 5.82% increase from 2022.
• American Tower average operating margin for 2022 was 28.69%, a 18.89% increase 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.