Ecopetrol S.A Gross Margin 2010-2024 | EC
- Ecopetrol S.A average gross margin for 2023 was 42.15%, a 1.86% decline from 2022.
- Ecopetrol S.A average gross margin for 2022 was 41.38%, a 34.79% increase from 2021.
- Ecopetrol S.A average gross margin for 2021 was 30.7%, a 7.78% 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.