• Watts Water Technologies average operating margin for 2023 was 16.76%, a 10.12% increase from 2022.
• Watts Water Technologies average operating margin for 2022 was 15.22%, a 16.81% increase from 2021.
• Watts Water Technologies average operating margin for 2021 was 13.03%, a 9.77% 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.