• Timken average operating margin for 2023 was 13.72%, a 5.86% decline from 2022.
• Timken average operating margin for 2022 was 12.96%, a 0.99% increase from 2021.
• Timken average operating margin for 2021 was 13.09%, a 1.24% 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.