• Flowserve average operating margin for 2023 was 7.3%, a 28.3% increase from 2022.
• Flowserve average operating margin for 2022 was 5.69%, a 27.7% increase from 2021.
• Flowserve average operating margin for 2021 was 7.87%, a 11.95% 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.