• AeroVironment average operating margin for 2023 was -18.77%, a 882.72% decline from 2022.
• AeroVironment average operating margin for 2022 was -1.91%, a 126.31% increase from 2021.
• AeroVironment average operating margin for 2021 was 7.26%, a 36.32% 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.