Cullen/Frost Bankers Gross Margin 2010-2024 | CFR
- Cullen/Frost Bankers average gross margin for 2023 was 79.87%, a 16% decline from 2022.
- Cullen/Frost Bankers average gross margin for 2022 was 95.08%, a 3.08% decline from 2021.
- Cullen/Frost Bankers average gross margin for 2021 was 98.1%, a 3.46% 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.