• SPX Technologies average operating margin for 2023 was 8.33%, a 65.61% increase from 2022.
• SPX Technologies average operating margin for 2022 was 5.03%, a 34.59% increase from 2021.
• SPX Technologies average operating margin for 2021 was 7.69%, a 35.54% 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.