• RH average operating margin for 2023 was 17.14%, a 28.25% decline from 2022.
• RH average operating margin for 2022 was 23.89%, a 18.15% decline from 2021.
• RH average operating margin for 2021 was 20.22%, a 46.52% 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.