• Coterra Energy average operating margin for 2023 was 47.17%, a 12.57% decline from 2022.
• Coterra Energy average operating margin for 2022 was 53.95%, a 73.36% decline from 2021.
• Coterra Energy average operating margin for 2021 was 31.12%, a 10.28% 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.