• Fox average operating margin for 2023 was 17.66%, a 5.31% increase from 2022.
• Fox average operating margin for 2022 was 18.65%, a 10.34% decline from 2021.
• Fox average operating margin for 2021 was 20.8%, a 2.48% 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.