• Amphenol average gross margin for 2023 was 32.22%, a 1.83% increase from 2022.
• Amphenol average gross margin for 2022 was 31.64%, a 1.12% increase from 2021.
• Amphenol average gross margin for 2021 was 31.29%, a 0.74% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.