• Eastman Chemical average operating margin for 2023 was 10.8%, a 26.23% increase from 2022.
• Eastman Chemical average operating margin for 2022 was 14.64%, a 13.4% decline from 2021.
• Eastman Chemical average operating margin for 2021 was 12.91%, a 29.1% 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.