• GE Aerospace average gross margin for 2023 was 41.19%, a 69.37% decline from 2022.
• GE Aerospace average gross margin for 2022 was 24.32%, a 1.06% increase from 2021.
• GE Aerospace average gross margin for 2021 was 24.58%, a 6.11% 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.