• Nutrien average operating margin for 2024 was 7.21%, a 57.13% decline from 2023.
• Nutrien average operating margin for 2023 was 16.82%, a 36.89% decline from 2022.
• Nutrien average operating margin for 2022 was 26.65%, a 147.45% 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.