• Sonoco Products average operating margin for 2023 was 10.38%, a 13.2% decline from 2022.
• Sonoco Products average operating margin for 2022 was 9.17%, a 24.25% increase from 2021.
• Sonoco Products average operating margin for 2021 was 7.38%, a 10% 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.