• Textron average operating margin for 2023 was 7.14%, a 0.28% increase from 2022.
• Textron average operating margin for 2022 was 7.12%, a 13.38% increase from 2021.
• Textron average operating margin for 2021 was 6.28%, a 16.51% 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.