Honda Gross Margin 2010-2024 | HMC
- Honda average gross margin for 2023 was 20.46%, a 1.09% increase from 2022.
- Honda average gross margin for 2022 was 20.24%, a 3.48% increase from 2021.
- Honda average gross margin for 2021 was 20.97%, a 3.61% 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.