• Snap-On average operating margin for 2024 was 28.33%, a 3.09% decline from 2023.
• Snap-On average operating margin for 2023 was 27.48%, a 2.5% increase from 2022.
• Snap-On average operating margin for 2022 was 26.81%, a 2.76% increase from 2021.

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.