• Avery Dennison average operating margin for 2024 was 11.11%, a 12.91% increase from 2023.
• Avery Dennison average operating margin for 2023 was 9.84%, a 19.54% increase from 2022.
• Avery Dennison average operating margin for 2022 was 12.23%, a 1.07% decline from 2021.

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.