• Ingersoll Rand average operating margin for 2023 was 15.76%, a 28.86% increase from 2022.
• Ingersoll Rand average operating margin for 2022 was 12.23%, a 30.94% increase from 2021.
• Ingersoll Rand average operating margin for 2021 was 9.34%, a 1434.29% 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.