• Insmed average operating margin for 2023 was -230.9%, a 28.93% increase from 2022.
• Insmed average operating margin for 2022 was -179.09%, a 8% increase from 2021.
• Insmed average operating margin for 2021 was -194.67%, a 36.52% 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.