• International Paper average operating margin for 2023 was 7.41%, a 15.12% decline from 2022.
• International Paper average operating margin for 2022 was 8.73%, a 8.85% decline from 2021.
• International Paper average operating margin for 2021 was 8.02%, a 8.24% 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.