• Nucor average operating margin for 2023 was 20%, a 26.25% decline from 2022.
• Nucor average operating margin for 2022 was 27.12%, a 52.45% decline from 2021.
• Nucor average operating margin for 2021 was 17.79%, a 238.86% 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.