• Cadence Design Systems average operating margin for 2023 was 29.31%, a 1.91% decline from 2022.
• Cadence Design Systems average operating margin for 2022 was 29.88%, a 16.08% decline from 2021.
• Cadence Design Systems average operating margin for 2021 was 25.74%, a 15.53% 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.