• Morningstar average operating margin for 2024 was 17.75%, a 111.06% increase from 2023.
• Morningstar average operating margin for 2023 was 8.41%, a 29.86% increase from 2022.
• Morningstar average operating margin for 2022 was 11.99%, a 21.53% decline from 2021.

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.