• Hexcel average operating margin for 2023 was 12.18%, a 29.44% decline from 2022.
• Hexcel average operating margin for 2022 was 9.41%, a 932.74% increase from 2021.
• Hexcel average operating margin for 2021 was -1.13%, a 111.63% 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.