• Coherent average operating margin for 2023 was 0.08%, a 99.2% increase from 2022.
• Coherent average operating margin for 2022 was 10.05%, a 18.62% decline from 2021.
• Coherent average operating margin for 2021 was 12.35%, a 143.11% 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.