• Fortive average operating margin for 2023 was 18.09%, a 13.92% increase from 2022.
• Fortive average operating margin for 2022 was 15.88%, a 9.14% increase from 2021.
• Fortive average operating margin for 2021 was 14.55%, a 26.19% 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.