• Exponent average operating margin for 2023 was 22.37%, a 18.21% decline from 2022.
• Exponent average operating margin for 2022 was 27.35%, a 30.36% decline from 2021.
• Exponent average operating margin for 2021 was 20.98%, a 4.98% 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.