• Mosaic average operating margin for 2023 was 14.91%, a 42.96% decline from 2022.
• Mosaic average operating margin for 2022 was 26.14%, a 83.57% decline from 2021.
• Mosaic average operating margin for 2021 was 14.24%, a 260% 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.