• HF Sinclair average operating margin for 2024 was 3.53%, a 61.96% decline from 2023.
• HF Sinclair average operating margin for 2023 was 9.28%, a 19.28% decline from 2022.
• HF Sinclair average operating margin for 2022 was 7.78%, a 241.23% 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.