• BellRing Brands average operating margin for 2023 was 17.07%, a 10.13% increase from 2022.
• BellRing Brands average operating margin for 2022 was 15.5%, a 13.47% increase from 2021.
• BellRing Brands average operating margin for 2021 was 13.66%, a 18.4% 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.