• Amphenol average operating margin for 2023 was 20.39%, a 1.49% decline from 2022.
• Amphenol average operating margin for 2022 was 20.09%, a 3.18% increase from 2021.
• Amphenol average operating margin for 2021 was 19.47%, a 2.53% 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.