• AGCO average operating margin for 2023 was 11.69%, a 28.74% decline from 2022.
• AGCO average operating margin for 2022 was 9.08%, a 9.27% increase from 2021.
• AGCO average operating margin for 2021 was 8.31%, a 88.44% 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.