• Crocs average gross margin for 2023 was 54.76%, a 1.4% increase from 2022.
• Crocs average gross margin for 2022 was 55.54%, a 5.21% decline from 2021.
• Crocs average gross margin for 2021 was 58.59%, a 12.91% 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.