• Bio-Rad Laboratories average gross margin for 2023 was 53.97%, a 4.22% increase from 2022.
• Bio-Rad Laboratories average gross margin for 2022 was 56.35%, a 0.27% decline from 2021.
• Bio-Rad Laboratories average gross margin for 2021 was 56.5%, a 2.78% 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.