• Frontline average operating margin for 2023 was 41.75%, a 178.89% decline from 2022.
• Frontline average operating margin for 2022 was 14.97%, a 35.35% increase from 2021.
• Frontline average operating margin for 2021 was 11.06%, a 73.17% 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.