• Danaher average gross margin for 2023 was 59.55%, a 2.47% decline from 2022.
• Danaher average gross margin for 2022 was 61.06%, a 2.31% decline from 2021.
• Danaher average gross margin for 2021 was 59.68%, a 7.45% 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.