• Howmet Aerospace average operating margin for 2023 was 17.01%, a 8.21% increase from 2022.
• Howmet Aerospace average operating margin for 2022 was 15.72%, a 8.94% increase from 2021.
• Howmet Aerospace average operating margin for 2021 was 14.43%, a 24.29% 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.