• Primo Brands average operating margin for 2023 was 11.52%, a 87.01% decline from 2022.
• Primo Brands average operating margin for 2022 was 6.16%, a 57.14% increase from 2021.
• Primo Brands average operating margin for 2021 was 3.92%, a 370.34% 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.