• Repligen average operating margin for 2023 was 17.49%, a 34.52% decline from 2022.
• Repligen average operating margin for 2022 was 26.71%, a 12.42% decline from 2021.
• Repligen average operating margin for 2021 was 23.76%, a 45.14% 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.