• Yara average operating margin for 2023 was 8.67%, a 30.97% decline from 2022.
• Yara average operating margin for 2022 was 12.56%, a 42.57% decline from 2021.
• Yara average operating margin for 2021 was 8.81%, a 5.37% 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.