• Cabot average operating margin for 2023 was 13.32%, a 42% increase from 2022.
• Cabot average operating margin for 2022 was 9.38%, a 2.51% increase from 2021.
• Cabot average operating margin for 2021 was 9.15%, a 109.38% 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.