• Celestica average gross margin for 2023 was 9.22%, a 5.13% increase from 2022.
• Celestica average gross margin for 2022 was 8.77%, a 6.05% increase from 2021.
• Celestica average gross margin for 2021 was 8.27%, a 15.99% 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.