• BASF SE average operating margin for 2023 was 4.91%, a 44.83% decline from 2022.
• BASF SE average operating margin for 2022 was 8.9%, a 39.28% decline from 2021.
• BASF SE average operating margin for 2021 was 6.39%, a 156.63% 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.