• Johnson Controls average gross margin for 2023 was 35.08%, a 3.42% increase from 2022.
• Johnson Controls average gross margin for 2022 was 33.92%, a 0.18% increase from 2021.
• Johnson Controls average gross margin for 2021 was 33.86%, a 2.79% 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.