• Element Solutions average operating margin for 2023 was 9.54%, a 22.25% increase from 2022.
• Element Solutions average operating margin for 2022 was 12.27%, a 11.09% decline from 2021.
• Element Solutions average operating margin for 2021 was 13.8%, a 2.22% 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.