• Smartsheet average operating margin for 2023 was -21.34%, a 34.66% decline from 2022.
• Smartsheet average operating margin for 2022 was -32.66%, a 5.46% decline from 2021.
• Smartsheet average operating margin for 2021 was -30.97%, a 15.15% 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.