• Carlisle average operating margin for 2023 was 21.84%, a 4.75% increase from 2022.
• Carlisle average operating margin for 2022 was 20.85%, a 64.82% increase from 2021.
• Carlisle average operating margin for 2021 was 12.65%, a 2.77% 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.