• McCormick average operating margin for 2023 was 14.01%, a 1.82% increase from 2022.
• McCormick average operating margin for 2022 was 14.27%, a 15.06% decline from 2021.
• McCormick average operating margin for 2021 was 16.8%, a 7.64% 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.