• Avantor average operating margin for 2023 was 11.7%, a 17.43% decline from 2022.
• Avantor average operating margin for 2022 was 14.17%, a 10.1% decline from 2021.
• Avantor average operating margin for 2021 was 12.87%, a 24.23% 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.