• Fluor average gross margin for 2023 was 2.45%, a 22.47% increase from 2022.
• Fluor average gross margin for 2022 was 3.16%, a 7.48% decline from 2021.
• Fluor average gross margin for 2021 was 2.94%, a 98.65% 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.