• Archrock average gross margin for 2023 was 52.16%, a 0.91% increase from 2022.
• Archrock average gross margin for 2022 was 51.69%, a 7.1% increase from 2021.
• Archrock average gross margin for 2021 was 55.64%, a 0.22% decline 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.