• Genuine Parts average operating margin for 2023 was 7.38%, a 4.68% decline from 2022.
• Genuine Parts average operating margin for 2022 was 7.05%, a 34.54% increase from 2021.
• Genuine Parts average operating margin for 2021 was 5.24%, a 90.55% 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.