• Quanta Services average operating margin for 2023 was 5.26%, a 10.97% increase from 2022.
• Quanta Services average operating margin for 2022 was 4.74%, a 16.55% increase from 2021.
• Quanta Services average operating margin for 2021 was 5.68%, a 16.16% decline 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.