• Teradyne average operating margin for 2024 was 20.12%, a 5.54% increase from 2023.
• Teradyne average operating margin for 2023 was 21.3%, a 25.99% decline from 2022.
• Teradyne average operating margin for 2022 was 28.78%, a 9.95% decline 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.