• Catalent average operating margin for 2023 was -12.87%, a 188.39% decline from 2022.
• Catalent average operating margin for 2022 was 14.56%, a 29.22% decline from 2021.
• Catalent average operating margin for 2021 was 20.57%, a 59.09% 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.