• Trimble average operating margin for 2023 was 12.47%, a 15.23% decline from 2022.
• Trimble average operating margin for 2022 was 14.71%, a 1.93% decline from 2021.
• Trimble average operating margin for 2021 was 15%, a 21.07% 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.