• Hubbell Inc average operating margin for 2023 was 17.95%, a 31.79% increase from 2022.
• Hubbell Inc average operating margin for 2022 was 13.62%, a 2.41% increase from 2021.
• Hubbell Inc average operating margin for 2021 was 13.3%, a 0.15% 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.