• Acuity Brands Inc average gross margin for 2023 was 43.16%, a 3.01% increase from 2022.
• Acuity Brands Inc average gross margin for 2022 was 41.9%, a 1.48% increase from 2021.
• Acuity Brands Inc average gross margin for 2021 was 42.53%, a 1.21% 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.