• Matson average operating margin for 2023 was 16.01%, a 53.9% decline from 2022.
• Matson average operating margin for 2022 was 34.73%, a 56.58% decline from 2021.
• Matson average operating margin for 2021 was 22.18%, a 172.82% 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.