• Williams average operating margin for 2023 was 36.63%, a 46.93% decline from 2022.
• Williams average operating margin for 2022 was 24.93%, a 5.89% increase from 2021.
• Williams average operating margin for 2021 was 26.49%, a 6% 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.