• Cummins average operating margin for 2023 was 9.59%, a 7.52% decline from 2022.
• Cummins average operating margin for 2022 was 10.37%, a 11.89% decline from 2021.
• Cummins average operating margin for 2021 was 11.77%, a 9.79% 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.