• Reliance average operating margin for 2024 was 9.84%, a 22.88% decline from 2023.
• Reliance average operating margin for 2023 was 12.76%, a 14.48% decline from 2022.
• Reliance average operating margin for 2022 was 14.92%, a 26.44% decline from 2021.

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.