• Eaton average operating margin for 2023 was 15.84%, a 17.25% increase from 2022.
• Eaton average operating margin for 2022 was 13.51%, a 12.02% increase from 2021.
• Eaton average operating margin for 2021 was 12.06%, a 9.84% 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.