• Dycom Industries average gross margin for 2023 was 18.2%, a 13.18% increase from 2022.
• Dycom Industries average gross margin for 2022 was 16.08%, a 3.42% increase from 2021.
• Dycom Industries average gross margin for 2021 was 16.65%, a 2.69% 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.