• Fanuc average gross margin for 2023 was 36.39%, a 4.19% increase from 2022.
• Fanuc average gross margin for 2022 was 37.98%, a 3.6% decline from 2021.
• Fanuc average gross margin for 2021 was 39.4%, a 0.98% 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.