• Applied Industrial Technologies average operating margin for 2023 was 10.82%, a 12.59% increase from 2022.
• Applied Industrial Technologies average operating margin for 2022 was 9.61%, a 40.09% increase from 2021.
• Applied Industrial Technologies average operating margin for 2021 was 6.86%, a 195.69% 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.