• Lear average operating margin for 2023 was 3.84%, a 41.18% decline from 2022.
• Lear average operating margin for 2022 was 2.72%, a 34.14% increase from 2021.
• Lear average operating margin for 2021 was 4.13%, a 44.91% 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.