• Covestro AG average gross margin for 2023 was 12.5%, a 41.2% increase from 2022.
• Covestro AG average gross margin for 2022 was 21.26%, a 24.85% decline from 2021.
• Covestro AG average gross margin for 2021 was 28.29%, a 35.04% 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.