• Blackstone average operating margin for 2023 was 31.71%, a 37.26% increase from 2022.
• Blackstone average operating margin for 2022 was 50.54%, a 12.58% decline from 2021.
• Blackstone average operating margin for 2021 was 57.81%, a 140.88% 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.