• Pentair average operating margin for 2023 was 16.39%, a 5.27% increase from 2022.
• Pentair average operating margin for 2022 was 15.57%, a 6.93% increase from 2021.
• Pentair average operating margin for 2021 was 16.73%, a 8.35% 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.