• Core & Main average operating margin for 2024 was 10.41%, a 9.79% decline from 2023.
• Core & Main average operating margin for 2023 was 11.54%, a 13.14% decline from 2022.
• Core & Main average operating margin for 2022 was 10.2%, a 52.47% increase from 2021.

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.