• Masimo average operating margin for 2023 was 7.89%, a 46.83% decline from 2022.
• Masimo average operating margin for 2022 was 14.84%, a 32.14% decline from 2021.
• Masimo average operating margin for 2021 was 21.87%, a 5.81% 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.