• Johnson & Johnson average gross margin for 2023 was 69.72%, a 0.09% decline from 2022.
• Johnson & Johnson average gross margin for 2022 was 69.78%, a 2.98% decline from 2021.
• Johnson & Johnson average gross margin for 2021 was 67.76%, a 3.03% 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.