• Ericsson average gross margin for 2024 was 41.75%, a 5.4% increase from 2023.
• Ericsson average gross margin for 2023 was 39.61%, a 6.93% increase from 2022.
• Ericsson average gross margin for 2022 was 42.56%, a 0.61% decline from 2021.

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.