• Matador Resources average operating margin for 2023 was 48.42%, a 13.89% decline from 2022.
• Matador Resources average operating margin for 2022 was 56.23%, a 3106.95% decline from 2021.
• Matador Resources average operating margin for 2021 was -1.87%, a 90.23% 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.