• 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.
• Nutrien average operating margin for 2021 was 10.77%, a 82.54% 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.