• NewJersey Resources average operating margin for 2023 was 19.21%, a 49.03% increase from 2022.
• NewJersey Resources average operating margin for 2022 was 12.89%, a 15.31% increase from 2021.
• NewJersey Resources average operating margin for 2021 was 15.22%, a 40.15% 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.