• Advanced Drainage Systems average operating margin for 2023 was 24.42%, a 29.27% decline from 2022.
• Advanced Drainage Systems average operating margin for 2022 was 18.89%, a 20.78% increase from 2021.
• Advanced Drainage Systems average operating margin for 2021 was 15.64%, a 63.6% 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.