• Advanced Drainage Systems average operating margin for 2024 was 24.22%, a 0.82% decline from 2023.
• 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.

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.