• Carnival average gross margin for 2023 was 25.93%, a 233.45% increase from 2022.
• Carnival average gross margin for 2022 was -19.43%, a 97.22% decline from 2021.
• Carnival average gross margin for 2021 was -697.86%, a 3651.45% 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.