• Teleflex average operating margin for 2023 was 17.74%, a 5.08% decline from 2022.
• Teleflex average operating margin for 2022 was 18.69%, a 9.88% decline from 2021.
• Teleflex average operating margin for 2021 was 17.01%, a 4.22% increase 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.