• Freshpet average operating margin for 2023 was -7.11%, a 17.9% decline from 2022.
• Freshpet average operating margin for 2022 was -8.66%, a 96.82% decline from 2021.
• Freshpet average operating margin for 2021 was -4.4%, a 553.61% 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.