• Lincoln Electric Holdings average operating margin for 2023 was 16.21%, a 2.01% increase from 2022.
• Lincoln Electric Holdings average operating margin for 2022 was 15.89%, a 21.11% increase from 2021.
• Lincoln Electric Holdings average operating margin for 2021 was 13.12%, a 19.71% 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.