• PTC average operating margin for 2023 was 22.51%, a 2.13% increase from 2022.
• PTC average operating margin for 2022 was 23%, a 15.87% decline from 2021.
• PTC average operating margin for 2021 was 19.85%, a 42.7% 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.