• Stantec average operating margin for 2023 was 7.59%, a 14.65% increase from 2022.
• Stantec average operating margin for 2022 was 6.62%, a 5.83% increase from 2021.
• Stantec average operating margin for 2021 was 7.03%, a 4.74% decline 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.