• Moelis average operating margin for 2023 was 3.99%, a 85.95% decline from 2022.
• Moelis average operating margin for 2022 was 28.4%, a 14.69% decline from 2021.
• Moelis average operating margin for 2021 was 33.29%, a 103.98% 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.