• Mattel average operating margin for 2023 was 9.35%, a 32.54% increase from 2022.
• Mattel average operating margin for 2022 was 13.86%, a 10.61% decline from 2021.
• Mattel average operating margin for 2021 was 12.53%, a 246.13% 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.