• Monster Beverage average operating margin for 2023 was 26.99%, a 0.59% decline from 2022.
• Monster Beverage average operating margin for 2022 was 27.15%, a 20.29% decline from 2021.
• Monster Beverage average operating margin for 2021 was 34.06%, a 1.82% 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.