• 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.
• Avery Dennison average operating margin for 2021 was 12.1%, a 13.19% 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.