IDEX Gross Margin 2010-2024 | IEX
- IDEX average gross margin for 2023 was 44.51%, a 0.67% decline from 2022.
- IDEX average gross margin for 2022 was 44.81%, a 1.66% decline from 2021.
- IDEX average gross margin for 2021 was 44.08%, a 0.36% 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.