• J M Smucker average operating margin for 2023 was 5.44%, a 54.78% increase from 2022.
• J M Smucker average operating margin for 2022 was 12.03%, a 28.48% decline from 2021.
• J M Smucker average operating margin for 2021 was 16.82%, a 6.93% 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.