• Icahn Enterprises average operating margin for 2023 was -2.38%, a 206.25% decline from 2022.
• Icahn Enterprises average operating margin for 2022 was 2.24%, a 68.67% decline from 2021.
• Icahn Enterprises average operating margin for 2021 was 7.15%, a 122.16% 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.