• Elanco Animal Health average operating margin for 2023 was -6.85%, a 656.91% decline from 2022.
• Elanco Animal Health average operating margin for 2022 was 1.23%, a 109.45% decline from 2021.
• Elanco Animal Health average operating margin for 2021 was -13.02%, a 40.15% 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.