• Carlisle average gross margin for 2023 was 34.95%, a 5.78% increase from 2022.
• Carlisle average gross margin for 2022 was 33.04%, a 17.58% increase from 2021.
• Carlisle average gross margin for 2021 was 28.1%, a 2.33% 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.