• Hologic average operating margin for 2023 was 17.92%, a 47.59% increase from 2022.
• Hologic average operating margin for 2022 was 34.19%, a 23.65% decline from 2021.
• Hologic average operating margin for 2021 was 44.78%, a 93.94% 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.