• Carpenter Technology average operating margin for 2023 was 6.34%, a 540.28% increase from 2022.
• Carpenter Technology average operating margin for 2022 was -1.44%, a 90.95% decline from 2021.
• Carpenter Technology average operating margin for 2021 was -15.91%, a 946.71% 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.