• Clorox average gross margin for 2023 was 39.77%, a 10.93% increase from 2022.
• Clorox average gross margin for 2022 was 35.85%, a 14.68% increase from 2021.
• Clorox average gross margin for 2021 was 42.02%, a 8.63% 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.