• Sandvik AB average operating margin for 2023 was 17.05%, a 1.5% decline from 2022.
• Sandvik AB average operating margin for 2022 was 17.31%, a 1.37% decline from 2021.
• Sandvik AB average operating margin for 2021 was 17.55%, a 67.3% 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.