ITT Gross Margin 2010-2024 | ITT
- ITT average gross margin for 2023 was 32.68%, a 4.68% increase from 2022.
- ITT average gross margin for 2022 was 31.22%, a 2.98% increase from 2021.
- ITT average gross margin for 2021 was 32.18%, a 1.1% 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.