• Lowe's average operating margin for 2023 was 11.1%, a 9.02% increase from 2022.
• Lowe's average operating margin for 2022 was 12.2%, a 4.99% decline from 2021.
• Lowe's average operating margin for 2021 was 11.62%, a 18.45% 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.