Gates Industrial Gross Margin 2015-2024 | GTES
- Gates Industrial average gross margin for 2023 was 36.73%, a 2.08% increase from 2022.
- Gates Industrial average gross margin for 2022 was 35.98%, a 7.08% increase from 2021.
- Gates Industrial average gross margin for 2021 was 38.72%, a 6.08% 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.