• Everest Group average operating margin for 2023 was 11.99%, a 65.38% increase from 2022.
• Everest Group average operating margin for 2022 was 7.25%, a 38.19% increase from 2021.
• Everest Group average operating margin for 2021 was 11.73%, a 71.49% 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.