• Vontier average operating margin for 2023 was 17.63%, a 6.82% increase from 2022.
• Vontier average operating margin for 2022 was 18.92%, a 5.92% decline from 2021.
• Vontier average operating margin for 2021 was 20.11%, a 26.8% 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.