• Carlyle Group average operating margin for 2023 was 10.34%, a 75.1% decline from 2022.
• Carlyle Group average operating margin for 2022 was 41.52%, a 5.85% decline from 2021.
• Carlyle Group average operating margin for 2021 was 44.1%, a 2336.46% 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.