• Revvity average operating margin for 2023 was 14.09%, a 49.59% decline from 2022.
• Revvity average operating margin for 2022 was 27.95%, a 24.95% decline from 2021.
• Revvity average operating margin for 2021 was 37.24%, a 90.1% 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.