• FS KKR Capital average operating margin for 2023 was 50.06%, a 1.88% decline from 2022.
• FS KKR Capital average operating margin for 2022 was 51.02%, a 3.75% decline from 2021.
• FS KKR Capital average operating margin for 2021 was 53.01%, a 2.72% 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.