• HCA Healthcare average operating margin for 2023 was 14.94%, a 3.86% increase from 2022.
• HCA Healthcare average operating margin for 2022 was 15.54%, a 5.88% decline from 2021.
• HCA Healthcare average operating margin for 2021 was 16.51%, a 22.84% 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.