• Freeport-McMoRan average operating margin for 2023 was 26.5%, a 25.44% increase from 2022.
• Freeport-McMoRan average operating margin for 2022 was 35.54%, a 6.63% decline from 2021.
• Freeport-McMoRan average operating margin for 2021 was 33.33%, a 281.35% 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.