• American Noble Gas average operating margin for 2023 was 21.05%, a 4.1% decline from 2022.
• American Noble Gas average operating margin for 2022 was 21.95%, a 9.71% decline from 2021.
• American Noble Gas average operating margin for 2021 was 24.31%, a 8.48% 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.