ChampionX Gross Margin 2016-2024 | CHX
- ChampionX average gross margin for 2023 was 28.07%, a 19.04% increase from 2022.
- ChampionX average gross margin for 2022 was 23.58%, a 2.66% increase from 2021.
- ChampionX average gross margin for 2021 was 22.97%, a 9.74% increase 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.