• GE Aerospace average gross margin for 2023 was 26.43%, a 22.59% increase from 2022.
• GE Aerospace average gross margin for 2022 was 21.56%, a 12.29% 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.