• Globus Medical average operating margin for 2023 was 16.63%, a 14.1% decline from 2022.
• Globus Medical average operating margin for 2022 was 19.36%, a 3.15% decline from 2021.
• Globus Medical average operating margin for 2021 was 19.99%, a 32.3% 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.