• Cactus average operating margin for 2023 was 23.61%, a 4.75% increase from 2022.
• Cactus average operating margin for 2022 was 22.54%, a 42.21% increase from 2021.
• Cactus average operating margin for 2021 was 15.85%, a 34.34% 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.