• Moog average operating margin for 2023 was 9.08%, a 10.73% increase from 2022.
• Moog average operating margin for 2022 was 8.2%, a 5.4% increase from 2021.
• Moog average operating margin for 2021 was 7.78%, a 7.27% 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.