• Komatsu average gross margin for 2023 was 30.34%, a 6.91% increase from 2022.
• Komatsu average gross margin for 2022 was 28.38%, a 5.7% increase from 2021.
• Komatsu average gross margin for 2021 was 26.85%, a 2.54% 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.