• Deere average operating margin for 2024 was 19.62%, a 2.73% decline from 2023.
• Deere average operating margin for 2023 was 20.17%, a 21.95% decline from 2022.
• Deere average operating margin for 2022 was 16.54%, a 5.48% increase 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.