• STERIS average operating margin for 2023 was 23.22%, a 171.9% decline from 2022.
• STERIS average operating margin for 2022 was 8.54%, a 35.5% increase from 2021.
• STERIS average operating margin for 2021 was 13.24%, a 27.05% 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.