• Harley-Davidson average operating margin for 2023 was 14.7%, a 2.39% decline from 2022.
• Harley-Davidson average operating margin for 2022 was 15.06%, a 23.65% decline from 2021.
• Harley-Davidson average operating margin for 2021 was 12.18%, a 211.51% 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.