• Kubota average gross margin for 2023 was 28.03%, a 4.71% increase from 2022.
• Kubota average gross margin for 2022 was 26.77%, a 8.79% increase from 2021.
• Kubota average gross margin for 2021 was 29.35%, a 2.23% 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.