• Polaris average operating margin for 2023 was 8.99%, a 2.51% decline from 2022.
• Polaris average operating margin for 2022 was 8.77%, a 33.1% increase from 2021.
• Polaris average operating margin for 2021 was 13.11%, a 243.19% 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.