• Ashtead Group average operating margin for 2023 was 25.89%, a 4.82% decline from 2022.
• Ashtead Group average operating margin for 2022 was 24.7%, a 7.53% increase from 2021.
• Ashtead Group average operating margin for 2021 was 22.97%, a 2.71% 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.