• Noble average operating margin for 2023 was 21.28%, a 52.22% increase from 2022.
• Noble average operating margin for 2022 was 13.98%, a 105.41% increase from 2021.
• Noble average operating margin for 2021 was -258.47%, a 30.46% 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.