• Parsons average operating margin for 2023 was 5.04%, a 20.29% increase from 2022.
• Parsons average operating margin for 2022 was 4.19%, a 5.01% increase from 2021.
• Parsons average operating margin for 2021 was 3.99%, a 9.92% 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.