• Enbridge Inc average gross margin for 2023 was 47.16%, a 25.06% increase from 2022.
• Enbridge Inc average gross margin for 2022 was 37.71%, a 13.23% increase from 2021.
• Enbridge Inc average gross margin for 2021 was 43.46%, a 3.13% 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.