• Enphase Energy average operating margin for 2023 was 21.44%, a 31.61% decline from 2022.
• Enphase Energy average operating margin for 2022 was 16.29%, a 20.11% increase from 2021.
• Enphase Energy average operating margin for 2021 was 20.39%, a 1.64% 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.