• Popular average operating margin for 2023 was 20.8%, a 47.17% decline from 2022.
• Popular average operating margin for 2022 was 39.37%, a 9.49% decline from 2021.
• Popular average operating margin for 2021 was 43.5%, a 92.31% 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.