• EQT average operating margin for 2023 was 47.63%, a 222.69% decline from 2022.
• EQT average operating margin for 2022 was -38.82%, a 83.36% decline from 2021.
• EQT average operating margin for 2021 was -233.31%, a 373.82% 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.