• Axalta Coating Systems average operating margin for 2023 was 10.22%, a 10.49% increase from 2022.
• Axalta Coating Systems average operating margin for 2022 was 9.25%, a 14.19% increase from 2021.
• Axalta Coating Systems average operating margin for 2021 was 10.78%, a 37.5% 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.