• Analog Devices average operating margin for 2023 was 32.42%, a 48.92% decline from 2022.
• Analog Devices average operating margin for 2022 was 21.77%, a 23.4% increase from 2021.
• Analog Devices average operating margin for 2021 was 28.42%, a 9.86% 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.